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As War Strands Qatari Gas for 6 Months, US Sales Rise and European Stocks Plummet

Qatar has lost $24 billion in gas sales as exports drop from 509 cargoes to 18, while U.S. shipments offset some supply.

Summary by WTVB
By Marwa Rashad and Nora Buli LONDON/OSLO, Aug 26 (Reuters) - Six months into the U.S.-Iran war, Qatar is among the ​conflict's biggest economic casualties, with its ‌liquefied natural gas exports slashed by 96%, data shows. Saudi Arabia, the UAE, Iraq...

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As war strands Qatari gas for 6 months, US sales rise and European stocks plummet

·London, United Kingdom
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QATAR HAS REDUCED MINISTRY BUDGETS BY 30% AND FOREIGN AID BY AROUND 85% AS THE WAR WITH IRAN IS HAVING A GROWING IMPACT ON THE GULF STATE'S FINANCES. The Financial Times reports, noting that Iranian attacks on Ras Laffan, the world's largest liquefied natural gas (LNG) production and transshipment hub, have reduced Qatar's export capacity by 17%, and disruptions to maritime traffic in the Strait of Hormuz have further limited energy supplies. Re…

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AFV broke the news on Tuesday, August 25, 2026.
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