The Qatari energy minister said the Israeli-US attacks in the region and Iran's retaliation could shut down all Gulf energy exporters within days and drive oil to $150 a barrel.

“This will bring down the economies of the world,” 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.”

Iranian strikes have already prompted Saudi Arabia and Qatar to halt production at major oil and gas facilities.

top 8 comments

sorted by: hot top controversial new old

[–] DarrinBrunner@lemmy.world 17 points 1 day ago (2 children)

We can only hope. Also, if, or probably when, it happens, this war might have been the catalyst, but not the primary cause.

[–] Triton420@mander.xyz 1 points 9 hours ago

The people with the money will just end up owning more. It will not benefit you in any possible way

[–] eldavi@lemmy.ml 6 points 1 day ago

i'm okay with the epstein class not having so much money that they can make everyone ignore what they're doing.

[–] vane@lemmy.world 6 points 1 day ago (1 children)

when ?

[–] Trilogy3452@lemmy.world 3 points 21 hours ago

A few weeks

[–] knee@lemmy.ml 13 points 1 day ago (1 children)

2 years to go till the 100th anniversary of the Great Crash. Just saying.

[–] waterSticksToMyBalls@lemmy.world 11 points 1 day ago (1 children)

Can't believe 2008 was that long ago

[–] knee@lemmy.ml 2 points 1 day ago

Boom boom