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International Business Times
International Business Times
Brian Slupski

Qatar Issues Dire Energy Warning For 'Economies of the World' As U.S. Iran War Intensifies

Saudi Arabia's Ras Tanura refinery on fire after drone attack. (Credit: X)

Qatar is warning that the Iran war could force the shutdown of Gulf oil and gas exporters, driving oil prices to $150 a barrel.

"This will bring down the economies of the world," Qatar Energy Minister, 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."

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