Gulf countries, including Qatar, Bahrain, and Kuwait, have declared force majeure on gas exports due to disruptions caused by the US-Israel war on Iran and shipping issues in the Strait of Hormuz. This move has led to soaring oil prices and global energy market uncertainty. QatarEnergy, Kuwait Petroleum Corporation, and Bahrain’s Bapco Energies have halted production, impacting global gas supply. India has also invoked emergency measures to redirect gas supplies. This situation highlights the challenges facing LNG-dependent economies during times of conflict.
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