Anonymous26 days ago
Qatar's Energy Minister Saad al-Kaabi has warned that all Gulf energy exporters will be forced to halt shipments within days as the Strait of Hormuz remains effectively closed following the U.S.-Israel strikes on Iran, potentially driving oil prices to $150 per barrel. The crisis has already produced the largest weekly gain in oil futures history, shut down 20% of global LNG capacity, and threatens to trigger a global recession as Asia and Europe face acute energy supply disruptions with limited strategic reserves to cushion the blow.