Energy Markets Surge as Iranian Strikes on Qatari Gas Facilities Follow Israeli South Pars Attack

Global energy prices surged after Iranian missile strikes severely damaged the Ras Laffan gas complex in Qatar following an earlier Israeli attack on the South Pars field.Saad al-Kaabi announced that the destruction of key QatarEnergy facilities will reduce export capacity by 17 percent and could take five years to repair.Donald Trump warned of massive retaliation against Iranian assets while the closure of the Strait of Hormuz pushed Brent crude prices toward 120 dollars per barrel.Emmanuel Macron called for an immediate moratorium on strikes targeting civilian energy infrastructure to prevent a global economic crisis and potential stagflation.
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