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.

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[–] vane@lemmy.world 7 points 17 hours ago (1 children)

when ?

[–] Trilogy3452@lemmy.world 2 points 8 hours ago

A few weeks

[–] DarrinBrunner@lemmy.world 24 points 23 hours ago (1 children)

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

[–] eldavi@lemmy.ml 9 points 20 hours ago

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

[–] knee@lemmy.ml 16 points 22 hours ago (1 children)

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

[–] waterSticksToMyBalls@lemmy.world 15 points 22 hours ago (1 children)

Can't believe 2008 was that long ago

[–] knee@lemmy.ml 4 points 17 hours ago

Boom boom