Qatar has suspended liquefied natural gas (LNG) production following a drone attack, impacting global supply and causing European gas prices to spike over 30%. India, heavily reliant on Qatari LNG, is facing reduced gas supplies, with cuts of 10% to 30% reported by major importers. The conflict in the Middle East, particularly the US-Israeli war with Iran, has further strained energy markets, leading to fears of prolonged disruptions.
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