Gas price soars 25% after strikes on Qatar hub
Gas prices jumped by about 25% on wholesale markets in the UK and Europe in early trading, before easing slightly. Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
- Gas prices jumped by about 25% on wholesale markets.
- Iran's military retaliated by targeting a major liquefied natural gas export facility in Qatar.
- This disruption impacts approximately a fifth of the global supply of liquid natural gas, with experts warning of months-long effects.
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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.
