Caught in the crossfire: US-Israel war on Iran fractures Gulf economies
Gulf states face severe economic consequences from regional conflict, with Strait of Hormuz closure reducing oil exports by 90% and forcing production cuts across the region.
Gas prices soar as QatarEnergy halts LNG production after Iran attacks
Iranian drone attacks on Saudi and Qatari energy facilities caused major oil refinery shutdowns and LNG production halts, triggering European natural gas prices to surge nearly 50 percent.
What is next for oil amid different possible outcomes for the Middle East raging war? - London Business News | Londonlovesbusiness.com
Oil prices surged over 11% on Middle East supply disruptions and tanker attacks, with infrastructure damage and Strait of Hormuz closure threatening 20% of global crude shipments.
Russian strikes killed civilians; Ukraine and Russia exchanged drone and air strikes while Poland engaged aerial objects and tightened borders during military exercises.