Predicting that all Gulf energy exporters would shut down production within weeks and drive oil to $150 a barrel.

FINANCIAL TIMES – PAYWALLED — https://www.ft.com/content/be122b17-e667-478d-be19-89d605e978ea

FROM COMMENTS

  • Qatar’s energy minister just dropped a nuke: full Gulf shutdown in weeks if this war drags on ? oil to $150+, global economies crashing. Force majeure across the board, Strait of Hormuz choked. This isn’t hype, it’s from the source. (Even if fighting stops tomorrow, Qatar says months to normalize LNG after that Iranian drone hit.)
  • Qatar’s Energy Minister. FT Exclusive.
    Not just “$150 oil.”
    “Bring down the economies of the world.”
    The specific warning:
    ALL Gulf energy exporters shut down.
    Within weeks.
    If conflict continues.
    Not Hormuz alone.
    Not Qatar LNG alone.
    Every Gulf producer. Simultaneously.
    Saudi
  • The Ras Laffan disruption is probably the most critical variable here, not only because of Qatar’s LNG share (~20% of global trade), but because the market has very limited short-term replacement capacity.
  • “Who gave you the authority to drag our region into a war with Iran? Who gave you permission to turn our region into a battlefield?” https://x.com/MarioNawfal/status/2029618927110918235