Global Oil Trade in Jeopardy as Middle East Tensions Escalate

Doha: The situation in West Asia seems to be getting out of control. The deadly missile attack on Qatar's highly important'Ras Laffan'industrial city has alarmed the whole world. The attack has caused severe damage to Qatar's main gas facilities and a terrible fire. In response to this incident, Qatar has taken a tough stance and ordered Iran's military and security attaches to leave the country immediately. Trump's stern warning. US President Donald Trump has directly intervened in this matter and warned Iran in the strongest terms. Trump said that if there is another attack on the energy assets of Qatar or other allied countries, the US will wipe Iran's largest gas field'South Pars'off the map. However, to reduce tensions, he indicated that Israel will not launch further attacks on Iranian power plants right now. કરે.હોર્મુઝની The closure of the strait: The turmoil in the energy market has alarmed reports that the Strait of Hormuz, the lifeline for global oil trade, has been effectively shut down.