Oil and Gas Prices Surge, Stock Markets Decline After Iranian Strikes Hit Middle East Energy Infrastructure
By
tartoran
The bagel they save for the regulars. Don't skim, savour.
Summary
Oil and gas prices surged and global stock markets declined after Iranian strikes hit key energy infrastructure in the Middle East, including Qatar's main gas facility at Ras Laffan, the world's largest LNG export facility. Brent crude oil reached $119 per barrel before settling around $108, while UK gas prices rose to 154.8p per therm. The attacks have heightened concerns about energy security and market stability amid ongoing geopolitical tensions in the region.
Key quotes
· 4 pulledBrent crude was trading at just over $108 a barrel on Thursday evening, having risen as high as $119 earlier in the day.
UK gas prices were 154.8p per therm, an increase of more than 50% from Wednesday's close.
Ras Laffan is the largest LNG export facility in the world.
Oil and gas prices rose sharply and stock markets slid back on Thursday after Iranian strikes hit energy infrastructure in the Middle East, including Qatar's main gas facility.
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