Qatar's largest LNG plant sustains major damage in escalating regional conflict. The Ras Laffan Industrial City, responsible for roughly one-fifth of global liquefied natural gas supply, was hit by Iranian missiles Wednesday, with four others intercepted. The facility, which halted production earlier this month, experienced extensive damage and subsequent fires. Abu Dhabi's Habshan gas facilities were also impacted by debris from intercepted strikes. Global energy markets responded sharply, with Brent crude futures climbing as much as five percent Thursday. Natural gas prices surged following the attacks on energy infrastructure across the Persian Gulf region. Analysts warn this represents exactly what global markets feared most regarding supply disruptions.
