Loading ...Natural gas prices up 70% in 4 days….Middle East war sends natural gas prices soaring, raising growth shock risk for Europe and Asia
Points
- Natural gas prices have risen sharply amid fears that a prolonged conflict in the Middle East will squeeze global LNG supplies.
- Analysts say a sustained price hike risks renewed fiscal pressures and could dent growth, raising fears of a 2022-style energy crisis.
- Qatar paused LNG production Monday following Iranian drone strikes, reducing near-term global supply by almost a fifth, as Iranian forces effectively closed off the Strait of Hormuz to ships.