Qatar halts LNG output as Iran drones strike Gulf energy facilities

1 min read
Source: CNBC
Qatar halts LNG output as Iran drones strike Gulf energy facilities
Photo: CNBC
TL;DR

QatarEnergy halted LNG production after two Iranian drones struck Ras Laffan and Mesaieed, cutting into about 20% of global LNG exports routed through the Strait of Hormuz; European gas futures surged and LNG stocks rose as Gulf tensions escalated and Iran vented retaliation after U.S. and Israeli strikes.

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