Today, we're diving right into the thick of it—27 days into this latest phase of the U.S.-Iran conflict. President Trump is on the airwaves telling us that we’re winning, whereas Iranian officials are claiming that U.S. forces are simply hiding in hotels. The truth, as usual, sits somewhere in the middle. And it's in that gap that we find the financial risks that could impact your investments.
Let’s break this down. Just last week, on March 24, Iran launched a missile strike on Qatar’s Ras Laffan natural-gas facility, crippling almost 17% of its LNG export capacity. You could feel the shockwaves ripple through global energy markets, driving European natural gas prices up by a staggering 40%. Yes, folks, it’s reminiscent of the oil crises we saw back in the 1970s. What’s more, this attack strained relations between Iran and Qatar to the breaking point, prompting Qatar to expel Iranian diplomats.
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