Iran Attacks Middle East Energy Infrastructure

Iran launched aerial attacks on critical energy infrastructure across the Middle East, including Qatar's Ras Laffan plant, a refinery in Saudi Arabia, gas facilities in the United Arab Emirates, and refineries in Kuwait. These attacks were in retaliation for earlier Israeli strikes on Iran's South Pars gas facilities. The escalation has caused extensive damage to key energy sites, notably impacting QatarEnergy's LNG export capacity, with repairs estimated to take years. The conflict has led to a significant surge in global oil and Natural gas prices, with European gas prices doubling. International leaders, including U.S. President Donald Trump, have reacted with warnings and attempts to mitigate the economic fallout, highlighting the severe disruption to the global energy system and increased stagflation risks.