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Originally published by Capital News
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March 2, 2026
2h ago

Oil and gas prices jump as conflict escalates

Oil and gas prices jump as conflict escalates

Natural gas prices spiked by nearly 50% on Monday after QatarEnergy, one of the world's biggest exporters, halted production following "military attacks" on its facilities. - Kenya breaking news | Kenya news today | Capitalfm.co.ke..

✨ Key Highlights

Oil and gas prices have significantly increased following escalating conflicts in the Middle East, with Iran launching strikes and military actions impacting energy facilities and shipping routes.

  • Natural gas prices spiked by nearly 50% after QatarEnergy halted production due to "military attacks" on its facilities.
  • Brent crude, the global oil benchmark, surged by 10% to over $82 a barrel after attacks on ships near the Strait of Hormuz.
  • QatarEnergy and Saudi Aramco temporarily shut down production and a refinery respectively following drone attacks attributed to Iran.

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