economy
Iran says it will show ‘zero restraint’ if energy infrastructure is targeted again
Foreign minister issues warning after Israeli attack on South Pars gasfield and as Qatar reels from retaliatory strike
TL;DR
- Iran's foreign minister warned of "zero restraint" if its energy infrastructure is targeted again.
- An Israeli attack on the South Pars gasfield led to Iranian retaliatory strikes on Qatar's Ras Laffan gas complex and other Gulf neighbors.
- Qatar's LNG export capacity has been reduced by nearly a fifth, with repairs expected to take three to five years.
- Global oil and gas prices have surged, and stock markets have experienced significant sell-offs.
- Contradictory messaging from the Trump administration regarding coordination with Israel has added to the chaos.
- International bodies and several countries have expressed deep concern and called for an end to the attacks and threats.
- Iranian strikes also impacted Saudi Arabia's Red Sea refinery and two Kuwaiti oil refineries.