Qatar Finance Minister warns Iran war could trigger comprehensive economic shock within months

Qatari Finance Minister Al Quwari warned at the IMF spring meeting that if the Strait of Hormuz is not reopened and trade restrictions continue, the Iran war will trigger even greater economic shocks in the coming months. He stated that the current increase in energy prices is just the tip of the iceberg, and the full impact will be apparent in one or two months. The Ras Laffan LNG facility in Qatar was attacked in March, which supplies nearly one-fifth of the world's liquefied natural gas exports and has caused global natural gas tensions. It will take about five years to restore exports. In addition, Qatar supplies about 30% of the world's helium gas, posing risks to chip manufacturing and food security.