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Lasting damage to Ras Laffan Industrial City, the world's largest liquefied natural gas export plant, would have big consequences for the global energy market.
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World leaders are scrambling to contain a spiraling Middle East conflict on Thursday after Israel and Iran traded strikes on gas production facilities.
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The price of Brent crude climbed past $115 per barrel as Qatar, Saudi Arabia and Kuwait reported more attacks on infrastructure and the U.S. and Iran traded threats.
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Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.
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Asian technology stocks fell on Thursday as Iran's latest attacks on Qatar's Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment.
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Iran launched attacks against Qatar's Ras Laffan Industrial City and other Gulf energy infrastructure after Israel bombed the South Pars gas field.
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President Trump said Israel was responsible for the attack, but vowed to "massively" destroy the gas field if Tehran hit Qatar's energy facilities in retaliation.
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European stocks slumped at the open on Thursday as the Iran war escalates following attacks on Iranian and Qatari energy infrastructure.
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Global markets slid after the Federal Reserve held rates steady and warned of persistent inflation, while an Iranian missile strike caused "extensive damage" to Qatar's Ras Laffan LNG hub, heightening fears of a fresh energy shock.
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