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The Guardian - UK
The Guardian - UK
World
Callum Jones and Lauren Almeida

Gas prices soar and oil jumps as Iran war pushes down global stock markets

Iran Oil Hormuz United States Israel
Ras Laffan gas production facility
QatarEnergy said it had halted LNG production at its Ras Laffan facility. Photograph: Maneesh Bakshi/AP

Gas prices surged on Monday and oil rose sharply as an escalation in the US-Israel war on Iran caused major disruption to production and supplies.

QatarEnergy, the state-owned energy company, said it had halted production of liquefied natural gas (LNG) after attacks on facilities in Ras Laffan and Mesaieed.

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