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Gas prices rocket as Qatar halts production after Iranian attacks

Newsroom by Newsroom
April 25, 2026
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Gas prices have leapt at the fastest pace since the outbreak of war in Ukraine, after Qatar halted production of liquified natural gas after attacks by Iran.

Oil prices also soared and global financial markets reeled from the fallout of an intensifying conflict between Iran and US-Israeli forces.

European whole gas prices soared by 52% on Monday, marking the sharpest rise since prices were pushed dramatically higher by the Russian invasion of Ukraine in March 2022.

The surge came after Qatar’s state-backed energy company…

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