Iran Missiles Hit Qatar Gas Facility
Iranian missiles hit a major gas export facility in Qatar. Oil prices jumped to nearly $119 per barrel.
Gas prices in Europe surged after the attacks. A war is ongoing involving Persian Gulf countries.
Experts warn the attacks will make rebuilding very hard. Persian Gulf countries may struggle to restart gas production.
Klear Note — Liquefied natural gas is fuel exported worldwide for heating and power. Qatar is a major gas exporter to Europe. Higher energy prices affect costs for heating and electricity.
Key Terms 3
- LNG facility A plant that cools gas into liquid for shipping worldwide
- Persian Gulf A sea region in the Middle East, near Iran and Qatar
- surged Rose very quickly and sharply in price