"This pressure from Iran will backfire politically and morally, and we certainly reserve the right to take military action if deemed necessary."
"A significant attack on Qatar's Ras Laffan Industrial City-its primary liquefied natural gas (LNG) site-caused extensive damage expected to take years to repair and resulted in a surge in energy prices of approximately 35 per cent."
"Abdul-Malik al-Houthi signalled that Yemen's Houthi movement might join the conflict on Iran's side, stating the group is 'in a state of readiness' and 'all options at the military level are possible.'"
"Despite oil prices rising to around $116 per barrel, Trump sought to reassure markets by insisting the conflict would be short-lived."
Saudi Arabia's foreign minister, Faisal bin Farhan Al Saud, has warned of possible military action against Iran due to rising tensions. Recent Iranian attacks on an oil refinery and missile strikes toward Riyadh have heightened concerns. The conflict intensified after an Israeli strike on the South Pars Gas Field, prompting Iran to target energy infrastructure in the Gulf, including significant damage to Qatar's LNG facilities. The situation poses risks for the UK, which relies heavily on LNG imports, and could lead to further price increases and regional instability.
Read at London Business News | Londonlovesbusiness.com
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