Brief by Shorts91 Newsdesk / 06:30pm on 02 Mar 2026,Monday International
European gas prices rose over 50% after Qatar halted production at its Ras Laffan LNG plant. The shutdown followed an Iranian drone attack, reports said. QatarEnergy confirmed the suspension. Ras Laffan exports about one-fifth of the world’s LNG. Traffic through the Strait of Hormuz has slowed due to security risks. Tankers face delays and higher insurance costs. Traders fear supply shortages. The crisis comes after US and Israeli strikes on Iran. Tehran has responded with attacks across the region. Experts warn that a long conflict could threaten global energy security and raise gas prices worldwide. (PC: Reuters)
