Qatar Warns: Full Impact of Iran War to Arrive in One to Two Months
Svmuu News Qatar's Finance Minister Al-Kuwari warned at the IMF Spring Meetings that if the Strait of Hormuz remains closed and trade restrictions persist, the Iran war will cause greater economic shocks in the coming months. He stated that the current energy price increases are just "the tip of the iceberg," and the "full impact will become apparent in one to two months, bringing significant economic shocks." In March, Qatar's Ras Laffan LNG facility, which supplies nearly one-fifth of the world's liquefied natural gas exports, was attacked, triggering global natural gas tensions. Al-Kuwari said it would take about five years to restore exports and added that helium exports for chip manufacturing are also a concern. He noted that Qatar supplies about 30% of the world's helium. At the meeting, he also outlined risk scenarios where energy shortages could escalate to "countries being unable to turn on the lights" and fertilizer shortages could lead to a food crisis. (Jin10)
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