Oil at $150? Qatar Warns Gulf Exports May Halt, Global Economies Face Collapse

• Qatar's energy minister Saad al-Kaabi warns Middle East war could halt Gulf energy exports, pushing oil to $150.
• Prolonged conflict could force Gulf producers to declare force majeure, impacting global GDP and raising energy prices.
• A drone strike on Qatar's Ras Laffan LNG facility led to force majeure, with damage assessment ongoing and repair taking weeks to months.
• Disruption of the Strait of Hormuz could send crude prices to $150 and natural gas to $40/MMBtu, impacting global supply.
• Qatar's North Field expansion plans face delays, and production was halted due to safety concerns and imminent threat warnings.