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
