The economic implications of the Iran war are hitting global energy markets as Iranian strikes damage facilities across the Persian Gulf and one of the world’s largest LNG exporters has shut down production.
QatarEnergy shut down all LNG production on March 2 after Iranian drones hit facilities at Ras Laffan and Mesaieed. European gas prices immediately surged nearly 50%, and analysts warn they could double from their current value if the disruption drags on.
