India, March 19 -- Global energy markets have been thrown into fresh turmoil after an Iranian missile strike hit Ras Laffan Industrial City, home to the world's largest liquefied natural gas (LNG) facility, forcing a complete halt in production.

The attack marks a major escalation in the ongoing conflict involving Iran, which has increasingly targeted critical energy infrastructure across the Gulf in retaliation for US-Israeli strikes. Qatar, one of the world's top LNG exporters alongside the United States, Australia, and Russia, has now seen repeated disruptions to its gas output.

The crisis has intensified as tanker movement through the Strait of Hormuz-through which nearly 20% of the world's oil flows-has slowed to a near standstill ...