Oil price at two-year high after Qatar warns all Gulf production could stop within days

Energy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.

Qatar's Energy Minister Saad al-Kaabi warns that escalating Middle East tensions could lead to a significant global energy crisis, with oil prices potentially surging to $150 per barrel if supply routes remain disrupted.

Following Qatar's warning about potential Gulf production halts due to the Iran conflict, oil prices have surged, with Brent crude climbing over 4% to trade above $89 a barrel.

Oil prices have reached a two-year high following Qatar's warning that escalating Middle East tensions could lead to a halt in Gulf oil and gas production within days.

Oil prices have risen to their highest level in over two years after Qatar's Energy Minister Saad al-Kaabi warned that Gulf oil and gas exporters might halt production within days due to the ongoing Middle East conflict.

Qatar's Energy Minister Saad al-Kaabi warns that all Gulf energy producers may halt exports within weeks if the Iran conflict continues, potentially driving oil prices to $150 per barrel.

Oil prices surged after Qatar's Energy Minister Saad al-Kaabi warned that Gulf oil and gas exporters might halt production within days due to the ongoing Middle East conflict.

Qatar's Energy Minister Saad al-Kaabi forecasts that crude oil prices could reach $150 per barrel within two to three weeks if the Iran conflict continues and disrupts Gulf energy exports.