Qatar Warns of Global Economic Shock as Hormuz Tensions Escalate
Qatar has issued a warning about the potential for a significant global economic shock due to escalating tensions in the Strait of Hormuz. The conflict has disrupted shipping routes, affecting around a fifth of the world's energy supplies. Qatar's Finance Minister, Ali bin Ahmed Al Kuwari, highlighted the risk of energy shortages and rising prices if the situation persists. The disruption could lead to a global recession, with impacts on supply chains and key sectors such as healthcare and semiconductors. Qatar itself is experiencing the effects, with damage to its Ras Laffan liquefied natural gas facility, which has reduced its export capacity. 
