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QATAR’S ENERGY ALERT SHOCKS MARKETS!
WTI crude skyrocketed past $90 on March 6, completing a massive surge in just hours and capping roughly a 35% weekly rally.
Qatar’s Energy Minister, Saad al-Kaabi, warns of a catastrophic Gulf blockade: oil could surge to $150/barrel !🌍
With 20% of global LNG supply at risk from halted production and the Strait of Hormuz in jeopardy, economic fallout looms.
Historically, such geopolitical tensions, like the 1973 oil crisis, have reshaped markets overnight.
The data points to a market still unprepared for this scale of disruption.