Iran war could "bring down the economies of the world", Qatar's energy minister warns

The war in the Middle East could “bring down the economies of the world” as oil prices could surge to $150 per barrel if Gulf energy exporters shut production, Qatar’s energy minister has warned. Saad al-Kaabi said that restarting the production of liquified natural gas – after it shut down the largest plant in the world due to the war – would take “weeks to months”, while challenges facing the country risk being repeated across the Middle East. He said global competition for a smaller number of gas producers could trigger a price surge while further disruption from America and Israel’s war with Iran could hit oil production and exports. #iran #iranisraelwar #economy Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam