
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."