""It takes the whole thing to another level," Flowers said, referring to the Iranian missile strikes on the Ras Laffan L.N.G. complex, which significantly impacted energy prices."
"The price of L.N.G., a crucial fuel for power stations and heating systems, jumped by thirty percent in a single day after the attacks."
"The Iranian government targeted not only Ras Laffan but also energy infrastructure in Saudi Arabia, Kuwait, and the United Arab Emirates, escalating tensions in the region."
"The cost of a barrel of Brent crude oil, a key global benchmark, has risen sharply due to these geopolitical tensions, raising fears of a recession."
Recent military actions, including Iranian missile strikes on key energy infrastructure in Qatar and other Gulf states, have led to a significant spike in oil prices. The price of liquefied natural gas (L.N.G.) surged by thirty percent in one day following these events. This escalation has raised concerns about potential disruptions in global energy supply and heightened the risk of a worldwide recession, reflecting the volatility and unpredictability of the energy market.
Read at The New Yorker
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