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Qatar energy minister warns war will force Gulf to halt energy exports within weeks

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Qatar energy minister warns war will force Gulf to halt energy exports within weeks


A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan. — Reuters/File
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan. — Reuters/File
  • Qatar produces LNG about 20% of global supply.
  • If war continue, it will impact world’s GPD: minister.
  • Minister forecasts crude prices may hit $150 per barrel.

Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country’s Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.

Qatar halted its production of liquefied natural gas (LNG) on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US attacks.

The country’s LNG production is equivalent to about 20% of global supply and plays a major role in balancing both Asian and European markets’ demand for the fuel.

“Everybody that has not called for force majeure we expect will do so in the next few days that this continues. All exporters in the Gulf region will have to call force majeure,” Kaabi told the FT.

“If this war continues for a few weeks, GDP growth around the world will be impacted,” he said.

“Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply,” Kaabi said.

Kaabi said even if the war ended immediately it would take Qatar “weeks to months” to return to a normal cycle of deliveries.

Analysts and economists have highlighted the potential impact of the war on economies globally.

Kaabi, who is also the CEO of Qatar Energy, one of the world’s biggest liquefied natural gas producers, told FT that the company’s North Field expansion project would delay first production.

“It will delay all our expansion plans for sure,” Kaabi said. “If we come back in a week, perhaps the effect is minimal, if it’s a month or two, it is different.”

The project was scheduled to begin production in mid-2026.

He forecast that crude prices could hit $150 a barrel O/R in two to three weeks if ships and tankers were unable to pass through the Strait of Hormuz, which is the world’s most vital oil export route, connecting the biggest Gulf oil producers with the Gulf of Oman and the Arabian Sea.

Kaabi also expects gas prices to rise to $40 per million British thermal units.





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Iran’s response to mediation efforts is ‘clear’: President Pezeshkian

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Iran’s response to mediation efforts is ‘clear’: President Pezeshkian



Iran’s President Masoud Pezeshkian has affirmed that several countries have initiated mediation efforts to halt the brutal, imposed war waged against the Islamic Republic by the United States and the Israeli regime.

In a post on the social media platform X on Friday, President Pezeshkian said, “Some countries have begun mediation efforts and our response to them is clear.”

He stressed that these efforts must target the true aggressors, the US and Israel, who launched this unprovoked aggression.

He reiterated Iran’s unwavering commitment to “lasting” peace in the region, declaring, “Yet we have no hesitation in defending our nation’s dignity, sovereignty, and the rights of our great people.”

The president emphasized that any genuine mediation must confront those who underestimated the resilience of the Iranian nation and deliberately ignited this war through their criminal attacks.

The US and the Israeli regime unleashed a new wave of savage aerial aggression against Iran on February 28, barely eight months after their previous unprovoked assaults on the country.

These barbaric strikes resulted in the martyrdom of the Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei—a profound loss for the Islamic Ummah and a heinous crime against humanity.

In response, the Iranian government declared 40 days of national public mourning and seven days of official holidays to honor the Supreme Leader’s martyrdom and rally the nation in unity and resolve.

These latest aggressions came even as Tehran and Washington had engaged in three rounds of indirect negotiations in the Omani capital of Muscat and the Swiss city of Geneva, with plans underway for technical talks in Vienna, Austria—demonstrating Iran’s consistent pursuit of diplomacy despite relentless hostility.

Unyielding in the face of this aggression, Iran has launched powerful and precise retaliatory barrages of missiles and drones targeting military sites in the Israeli-occupied territories and US bases across the region, exercising its legitimate right to self-defense and sending a clear message that the Iranian nation will never submit to bullying or occupation.

 



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Iran destroys US radars in UAE, Jordan, satellite images show

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Iran destroys US radars in UAE, Jordan, satellite images show



Satellite images show that several US military radars in the UAE and Jordan have been successfully hit by Iranian missiles and drones as the Iranian Armed Forces continue a retaliatory campaign against American and Israeli aggression.

New images from several military installations across the Arabian Peninsula suggest that Iran has focused on disabling the radar infrastructure that forms the backbone of US-supplied missile systems.

One such radar, supporting an American THAAD missile battery at Muwaffaq Salti Air Base in Jordan, appears to have been hit and destroyed in the opening days of the war, according to satellite imagery captured Monday.

The base lies more than 500 miles from Iran, underscoring the reach of Tehran’s retaliatory operations.
Similar damage has also been detected in the United Arab Emirates.

Satellite analysis shows that buildings housing radar-related infrastructure were struck at two locations—near Ruwais and Sader—between February 28 and March 1.At least three structures in Ruwais and four in Sader sustained visible damage, including pull-through vehicle sheds typically used to store radar systems linked to THAAD batteries.

The radar component is considered a critical element of the high-end missile interceptor system, enabling the detection and tracking of incoming ballistic missiles and drones. Without it, the interceptor batteries’ ability to respond to threats is significantly degraded.

Iran’s Islamic Revolution Guards Corps (IRGC) earlier said such strikes were part of its expanding Operation True Promise 4, a campaign launched in retaliation for the unprovoked US-Israeli aggression.

“With the successful destruction of more than seven advanced radars, the eyes of the US and the usurping Zionist regime in the region have been blinded,” the IRGC said in a statement on Wednesday, announcing the 17th stage of the operation.

The latest developments come after the United States and Israel launched a new round of aggression against Iran on February 28, eight months after earlier unprovoked attacks against the country.

The strikes has led to the martyrdom of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and more than 1,200 civilians, including women, children and senior military commanders.

Iran responded swiftly, unleashing waves of missile and drone attacks targeting Israeli-occupied territories and US bases across the region.

Iranian officials insist the war was imposed on the country and say their ongoing military campaign is a legitimate act of self-defense aimed at neutralizing the infrastructure used to sustain further aggression.



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Russia ‘providing Iran intelligence’ to target US forces: report

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Russia ‘providing Iran intelligence’ to target US forces: report


Aircraft are staged for flight operations on the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran from an undisclosed location March 3, 2026. — Reuters
Aircraft are staged for flight operations on the flight deck of the US Navy Nimitz-class aircraft carrier USS Abraham Lincoln in support of the Operation Epic Fury attack on Iran from an undisclosed location March 3, 2026. — Reuters
  • US refrains from commenting on alleged Russian support.
  • Officials say information includes locations of US warships.
  • Russia says it was in dialogue with representatives of Iran.

Russia is providing Iran with targeting information that includes locations of US warships and aircraft in the Middle East, the Washington Post reported on Friday, citing three officials familiar with the intelligence.

The extent of Russia’s support to Iran was not entirely clear, but the Iranian military’s own ability to locate US forces has been degraded since the US and Israel launched strikes against Tehran last week, the Washington Post reported.

The war has since escalated, triggering retaliatory strikes by Iran, and ensnared its neighbours as it seeks to impose a high cost on the US, Israel and their allies.

The US military has identified six reserve soldiers killed in Kuwait when a drone slammed into a US military facility in Port Shuaiba. Trump and other senior officials have warned the conflict will likely result in more US military deaths.

A White House spokesperson did not directly comment on the alleged Russian support to Iran.

“The Iranian regime is being absolutely crushed. Their ballistic missile retaliation is decreasing every day, their navy is being wiped out, their production capacity is being demolished, and proxies are hardly putting up a fight,” White House spokesperson Anna Kelly said in a statement, responding to questions from Reuters.

Russia was in dialogue with representatives of Iran’s leadership, the Kremlin said on Friday. It declined to provide details when asked by reporters whether Moscow was helping Tehran.

The conflict has been an unexpected shot in the arm for Russia, with a significant bump in demand for its oil and gas, boosting exports battered in recent years by sanctions linked to its war in Ukraine. The United States has given Ukraine intelligence information during its war with Russia.

The Russian Embassy in Washington and Russia’s mission to the United Nations in New York did not immediately respond to requests for comment.





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