Qatar warns Iran war could halt Gulf energy exports ‘within weeks’
Al Jazeera
Global economies will be affected if the war on Iran continues for weeks, according to Qatar’s energy minister.
Qatar’s Energy Minister Saad al-Kaabi has said exports from the Gulf region could come to a halt “within weeks” if the war on Iran continues to escalate, throwing global energy markets into turmoil.
Al-Kaabi told The Financial Times (FT) newspaper in an interview published on Friday that if the war continues for weeks, “GDP growth around the world will be impacted”.
“Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply,” al-Kaabi was quoted as saying.
Qatar on Monday halted liquefied natural gas (LNG) production as Iran fired a barrage of missiles and drones at the country and its Gulf neighbours in response to attacks by the United States and Israel, which began on Saturday.
The Iranian attacks have increasingly targeted energy infrastructure, driving a jump in gas prices and raising alarm around the world.
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