Oil and Gas Prices Surge After Attack on Qatar LNG Facility
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Global energy markets were jolted on Wednesday after Iran carried out an attack on a major liquefied natural gas (LNG) facility in Qatar, triggering sharp increases in both oil and European natural gas prices and intensifying fears of prolonged supply disruptions.
Brent crude rose 3.8% to settle at $107.38 per barrel, while Europe’s benchmark gas prices jumped by around 6%, reflecting heightened market anxiety over the stability of energy flows from the Gulf. The escalation marks a significant t
Brent crude rose 3.8% to settle at $107.38 per barrel, while Europe’s benchmark gas prices jumped by around 6%, reflecting heightened market anxiety over the stability of energy flows from the Gulf. The escalation marks a significant t
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