It has been reported that Qatar has suspended liquefied natural gas production at the world's largest plant following retaliatory attacks from Iran. Previously, it was reported that QatarEnergy halted
The price of natural gas futures at the Dutch TTF hub increased by 33.6 percent, reaching over $727 per thousand cubic meters at current Forex exchange rates.
The rise in gas prices in Europe began the day before due to the worsening situation in the Middle East, leading to a 66.7 percent increase in just two days.
Iran confirmed the closure of the Strait of Hormuz, as announced by the leadership of the Islamic Revolutionary Guard Corps. An advisor to the commander of the IRGC stated that Tehran is ready to attack any vessel attempting to pass through this strategically important route.
“We will strike at all ships that try to cross the strait,” he added, emphasizing that this applies to all vessels without exception.
It is important to note that approximately 20 percent of the world's oil volumes and up to 30 percent of liquefied natural gas from Gulf countries, including Iraq, Saudi Arabia, and Qatar, pass through the Strait of Hormuz heading to Asia.
Experts warn that blocking this "corridor" could lead to a sharp spike in energy prices.
