Qatar shuts major gas export plant after attack, sending prices soaring

Qatar has halted production at the world's largest liquefied natural gas (LNG) export plant following an Iranian drone attack. This sudden stop in supply from a major global producer caused European gas prices to surge by as much as 45-54%.

In response to the disruption, coal prices also jumped as some energy users looked for alternative fuels. The halt also impacted financial markets, with shares of Petronet LNG, a major buyer of Qatari gas, falling sharply.