This war’s impact on the global economy

The Arabian Gulf remains a critical hub for global energy, with significant implications for the economy amid rising tensions. Key hydrocarbons, including oil, natural gas, and petrochemicals, are essential for various industries and largely exit through the strategically important Strait of Hormuz, bordered by Iran. Recent disruptions, such as Qatar’s shutdown of the Ras Laffan facility, have raised gas prices significantly and created uncertainty about future supply, affecting markets in Europe and beyond.

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