Gulf Shipping Disruption Raises European Energy Costs

European gas futures spiked 42.6% after QatarEnergy halted liquefied natural gas production due to United States-Israeli actions on Iran.
Attacks disrupted Gulf shipping, a key fuel source for Europe, raising energy prices.
Analysts note that blocking the Strait of Hormuz would harm Iran's 1.6 million barrel/day oil exports to China.

Military | Energy | Geopolitics

China | Iran | Qatar

2 days ago