Qatar warns war on Iran could 'bring down' world economies
Qatar warns war on Iran could 'bring down' world economies
Qatar warns war on Iran could 'bring down' world economies
Qatari energy minister says spiralling conflict in the Middle East will cause shutdown of all Gulf energy exports
6 March 2026 10:46 GMTUpdated: 08:30 ET
Qatar has warned that the US-Israeli war on Iran could "bring down" the world's economies.
The Qatari energy minister said the Israeli-US attacks in the region and Iran's retaliation could shut down all Gulf energy exporters within days and drive oil to $150 a barrel.
“This will bring down the economies of the world,” Saad al-Kaabi told the Financial Times.
“If this war continues for a few weeks, GDP growth around the world will be impacted. Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply.”
Iranian strikes have already prompted Saudi Arabia and Qatar to halt production at major oil and gas facilities.