• The 2026 US-Iran war has disrupted the global helium market.
• Qatar's Ras Laffan complex, a major helium source, saw production halted.
• The US is a net exporter of helium, with domestic production concentrated in Wyoming.
• Helium prices have roughly doubled due to the crisis.

The Hormuz crisis may indicate a shift in global helium market dynamics, with the US potentially benefiting from its domestic production. The crisis suggests that helium's unique properties make it essential for various critical applications, which could lead to increased investment in domestic production and recycling technologies.