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Iran’s strike on Qatar gas facility will reduce supply for 3 to 5 years

Iran struck Qatar's Ras Laffan gas facility, cutting approximately 17% of Qatar's liquefied natural gas exports for an estimated 3-5 years. The attack has triggered a protracted energy supply crisis for Europe, which relies heavily on Qatari gas imports. Oil prices have spiked globally as Iran threatens to close the Strait of Hormuz, with European naval powers stating they cannot reopen the shipping lane during active conflict.

Qatar is one of the world's largest LNG exporters, and spike caused by Iran war will drive up ">Europe has been heavily dependent on its gas supplies, especially after reducing Russian energy imports. A multi-year reduction in Qatari gas exports threatens to destabilize European energy markets and economic recovery. The broader conflict has also put global oil supplies at risk through potential closure of the Strait of Hormuz, a critical shipping route.
Qatar says

Qatar's Prime Minister condemned Iran's claims of targeting US bases as "unacceptable and unjustified," suggesting Iran's actions lack wisdom. The attack on civilian energy infrastructure represents an escalation that affects global energy security rather than legitimate military targets.

Iran claims

Iran maintains it is targeting US military installations and assets in the region as part of its defensive strategy. Iranian officials have threatened to close the Strait of Hormuz to commercial shipping, framing these actions as responses to what they characterize as regional military threats.