Iran has launched missile attacks on a major liquefied natural gas (LNG) facility in Qatar in retaliation for an Israeli strike on its South Pars gas field, sharply escalating the region’s war and threatening global energy markets. The attack on Qatar’s Ras Laffan Industrial City home to one of the world’s largest LNG hubs caused […]
Oil Market Braces for Turmoil Iranian state-owned outlet Press TV has released a new report quoting Major General Kowsari, a senior member of the Iranian Parliament’s National Security Commission, who stated that the Parliament has reached the conclusion that the Strait of Hormuz should be closed, but the final decision in this regard lies with […]
A U.S. military attack on Iranian nuclear facilities has sent shockwaves across the global economy, with analysts and investors warning that the escalation could trigger a volatile knee-jerk reaction when financial markets reopen. Energy prices are expected to spike sharply, while investors flee to traditional safe havens like gold, U.S. treasuries, and the dollar. Market […]