Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
Holly Bancroft and James C. Reynolds

Iran war ‘could bring down global economy’ after warning oil could reach $150 a barrel

The widening Iran crisis could “bring down the economies of the world” and send oil prices soaring, Qatar’s energy minister warned as US and Israeli bombs pounded energy facilities in Tehran.

The Gulf state’s energy minister, Saad al-Kaabi, said it would take his country “weeks to months” to return to its normal delivery pattern after an Iranian drone strike at its largest liquefied natural gas (LNG) plant – with Europe likely to suffer a price spike as a result.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.