6 March 2026 10:46 GMT
Updated: 08:30 ET
Qatar has warned that the US-Israeli war on Iran could "bring down" the world's economies.
The Qatari energy minister said the Israeli-US attacks in the region and Iran's retaliation could shut down all Gulf energy exporters within days and drive oil to $150 a barrel.
“This will bring down the economies of the world,” Saad al-Kaabi told the Financial Times.
“If this war continues for a few weeks, GDP growth around the world will be impacted. Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply.”
Iranian strikes have already prompted Saudi Arabia and Qatar to halt production at major oil and gas facilities.
8 Comments
DarrinBrunner@lemmy.world · 21 pts · 192d
We can only hope. Also, if, or probably when, it happens, this war might have been the catalyst, but not the primary cause.
eldavi@lemmy.ml · 7 pts · 192d
i'm okay with the epstein class not having so much money that they can make everyone ignore what they're doing.
Triton420@mander.xyz · 1 pts · 191d
The people with the money will just end up owning more. It will not benefit you in any possible way
knee@lemmy.ml · 14 pts · 192d
2 years to go till the 100th anniversary of the Great Crash. Just saying.
waterSticksToMyBalls@lemmy.world · 16 pts · 192d
Can't believe 2008 was that long ago
knee@lemmy.ml · 4 pts · 192d
Boom boom
vane@lemmy.world · 8 pts · 192d
when ?
Trilogy3452@lemmy.world · 3 pts · 192d
A few weeks