Iran Targets Qatar LNG, Fueling an Oil Market Rally
TL;DR Summary
Iran attacked Qatar's Ras Laffan LNG complex, triggering a jump in oil and natural-gas prices as traders priced in ongoing supply risks; Brent crude rose toward $119 per barrel and European gas futures surged about 25%, with analysts noting a higher risk premium for Middle East energy infrastructure and potential months before LNG supplies resume.
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- Soaring Oil Prices, Surging Inflation, Fed Rate Fears. It’s Déjà Vu for Markets and 5 Other Things to Know Today. Barron's
- Gas price soars over 20% after strikes on Qatar hub BBC
- Could oil hit $200 a barrel? Analysts no longer think it is far-fetched Al Jazeera
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