"Due to military attacks on QatarEnergy's operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products."
"Natural gas prices surged on Monday, with prices up more than 6%, mirroring similar rises in other energy commodities. Brent crude oil, the international benchmark, was up 8% on the day."
"Iran launched missile strikes targeting at least six countries in retaliation for the Saturday morning attack by the US and Israel."
QatarEnergy, Qatar's state-owned energy company, ceased liquefied natural gas production following Iranian military attacks on its operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City. The attacks damaged production plants and forced the company to halt LNG and associated product output. The production halt triggered significant market reactions, with natural gas prices jumping more than 6% on Monday. Crude oil prices also climbed substantially, with Brent crude rising 8%. The Iranian strikes were launched in retaliation for a Saturday attack by the US and Israel, targeting multiple countries across the region.
Read at Business Insider
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