Gas price soars 25% after strikes on Qatar hub - March 2026

Wholesale gas prices in the UK and Europe have surged by approximately 25 percent following retaliatory strikes on energy infrastructure in the Middle East, specifically targeting Qatar's main gas facility. The US Federal Reserve has responded by holding its key interest rates steady at 3.5-3.75 percent, citing economic uncertainty fueled by rising oil prices due to the US-Iran conflict. These events demonstrate how geopolitical tensions in the Middle East are directly impacting global energy markets and Western monetary policy.

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Thursday 3:11 PMCapital Business

Gas price soars 25% after strikes on Qatar hub

Wholesale gas prices in the UK and Europe have surged by approximately 25% following retaliatory strikes on energy infrastructure in the Middle East, specifically targeting Qatar's main gas facility.

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