Qatar Energy Minister Warns Iran War Could Drive Oil to 150 Dollars Per Barrel, Halt All Gulf Exports

Qatar Energy Minister Saad al-Kaabi warned Friday the escalating US-Israeli conflict with Iran could drive oil prices to 150 dollars per barrel within two to three weeks and trigger a complete halt of Gulf energy exports. Al-Kaabi warned the crisis will bring down the economies of the world, noting Qatar Energy has halted LNG production following Iranian drone strikes, with force majeure declarations expected across Gulf exporters and cascading global supply chain impacts.