Oil prices have jumped more than 15%, topping $84, while European gas prices have surged over 30% after Iranian strikes on Qatari LNG facilities
Global energy markets have come under pressure as the Middle East conflict escalates, with fears mounting over potential disruptions to oil and gas supplies.
US and Israeli strikes on Iran have prompted Tehran to retaliate with missile and drone attacks on Israel and US bases across the region. Iran has also targeted oil facilities in neighboring countries, while shipping through the Strait of Hormuz – the narrow gateway at the mouth of the Gulf – has largely ground to a halt. The waterway between…
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