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8 Articles
According to Qatar's Energy Minister Saeed Al Kaabi, the war will have a serious impact on the world economy, disrupting energy supply and generating shortages of products, especially in petrochemical and fertilizer sectors.
Qatar's energy minister warned of serious repercussions from the ongoing war in the region, indicating that its continuation could lead to widespread economic turmoil that might even threaten the world's economies.
Brent crude rose to $93, recording its biggest weekly increase since 2020. Rising costs are making the war unsustainable for the US. Qatar's Energy Minister Saad al-Kaabi warned that a continuation of the war could "collapse world economies."
Qatar has warned that war in the Middle East could collapse the global economy.
The closure of the Strait of Hormuz, one of the most sensitive points of the world's energy sector, has so far led to a sharp increase in the prices of gas and oil and their products. However, the impact could be much wider. Qatar's Energy Minister Saad al-Kaabi warned that the ongoing conflict could bring down the world economy. He expects that in the near future, in addition to Qatar, which has stopped exporting LNG, other countries will also …
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