Qatar Warns Iran War Energy Shock Has Yet to Peak, Rejects Hormuz Tolls
New Delhi, Oct. 21 -- DOHA - Qatar warned on Monday that the Iran war's disruption to energy supplies, trade and growth has yet to peak, while rejecting transit fees in the Strait of Hormuz and calling for continued dialogue with Tehran.
"We haven't reached the peak with respect to energy." He warned of further repercussions "in the coming days and months", Al Jazeera reported.
The warning follows a sharp deterioration in Qatar's finances. The Emir told the Shura Council last week that government revenue fell 42 percent in the first half of the year.
Oil flows through Hormuz averaged 11.6 million barrels a day in the seven days to October 13, about 68 percent of a pre-war baseline of 17.1 million, according to Kpler figures reported by...
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