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Qatar warns of lasting economic pain from Iran war supply shock

  • Middle East war could ‘bring down the economies of the world’, Qatar energy minister tells FT
  • Vortexa estimates 16m bpd of Middle East crude exports in limbo
  • Asian countries highly dependent on Qatari LNG

Oil could go to $150 a barrel and gas to $40 per mmbtu if the Strait of Hormuz stays closed, Qatar’s energy minister has warned, as freight rates skyrocket on reports disruption could be prolonged

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