Oil hits two-year high after Qatar warns Gulf output could stop
Mar 6th 2026
QatarEnergy stopped LNG exports and Qatar energy minister Saad al-Kaabi warned that continued conflict could force all Gulf oil and gas production to stop, sending oil to two-year highs and raising risks of higher energy bills and global inflation.
- QatarEnergy declared force majeure and halted LNG production after military attacks on its facilities.