Dan Murphy

Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices cnbc.com/2026/03/20/oil…

Providing an update on the damage from the missile attacks on Ras Laffan Industrial City H.E. Minister Saad Sherida Al-Kaabi: The missile attacks reduced Qatar’s LNG export capacity by 17% and caused an estimated loss of $20 billion in annual revenue - Extensive damage to our production facilities will take up to five years to repair and will compel us to declare long-term force majeure QatarEnergy expects the damage to its Ras Laffan Industrial City caused by missile strikes, which occurred on Wednesday 18 March 2026, and in the early hours of Thursday 19 March 2026, to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia. Providing an update on the damage to the facilities at Ras Laffan Industrial City, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “I am relieved to confirm that no one was injured by these unjustified and senseless attacks, which weren’t just an attack on the State of Qatar but attacks on global energy security and stability. This was an attack on all of us who stand for development and human progress that is sustained by a fair, reliable, and secure access to energy.” The attacks damaged two liquefied natural gas (LNG) producing Trains 4 and 6 totaling 12.8 million tons per annum (MTPA) of production, representing approximately 17% of Qatar’s exports. Train 4 is a joint venture between QatarEnergy (66%) and ExxonMobil (34%), and Train 6 is a joint venture between QatarEnergy (70%) and ExxonMobil (30%). His Excellency Minister Al-Kaabi said: “The damage sustained by the LNG facilities will take between three to five years to repair. The impact is on China, South Korea, Italy and Belgium. This means that we will be compelled to declare force majeure for up to five years on some long-term LNG contracts.” The attacks also targeted the Pearl GTL (Gas-to-Liquids) facility, a production sharing agreement operated by Shell, that converts natural gas into high-quality cleaner burning drop-in fuels and produces base oils used to make premium engine oils and lubricants, and paraffins and waxes. “The damage caused to one of the two trains at Pearl GTL is being assessed and is expected to be offline for a minimum of one year” His Excellency Minister Al-Kaabi added. It should be noted that there will be a loss of associated product production due to this outage as follows: · Condensates: 18.6 million barrels which is around 24% of Qatar’s exports · LPG: 1.281 MT which is around 13% of Qatar’s exports · Naphtha: 0.594 MT which is around 6% of Qatar’s exports · Sulfur: 0.18 MT which is around 6% of Qatar’s exports · Helium: 309.54 MCFA which is around 14% of Qatar’s exports His Excellency the Minister of State for Energy Affairs, the President and CEO of QatarEnergy paid tribute to the Qatari military and security forces and to the energy sector emergency response teams whose courage and extraordinary professionalism ensured the situation was contained quickly and safely. #Qatar

Iran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says reuters.com/business/energ…

In a @WSJ opinion piece, @BadrJafar argues that Iran's attacks on the #UAE are an assault on an idea: that an open, diversified economy can thrive in one of the world's most contested regions. With 77% of GDP from non-oil sectors, $2 trillion in sovereign wealth, and a track record of absorbing every crisis since 1980 and coming back stronger, the UAE's fundamentals haven't changed. Iran set out to destroy an idea. It has only made the case for it stronger. Link to article: shorturl.at/zj7Uo

‘Armageddon scenario’ for gas markets as Qatar hit by missiles ft.trib.al/yyjEaUr

U.S. forces are destroying Iranian naval targets that threaten international shipping in and near the Strait of Hormuz.

Escalating Attacks on Gulf Energy Assets Plunge Iran War Into New Phase wsj.com/world/middle-e…

Iran missile attack on Qatar causes 'extensive damage' to facility housing huge gas plant cnbc.com/2026/03/18/ira…

Abu Dhabi authorities are responding to incidents at the Habshan gas facilities and at the Bab field caused by falling debris from the successful interception of missiles. The gas facilities have been shut down and no injuries have been reported. The public is urged to obtain information only from official sources and to avoid spreading rumours or unverified information.

QatarEnergy Statement on Missile Attacks on Ras Laffan Industrial City QatarEnergy confirms that Ras Laffan Industrial City this evening has been the subject of missile attacks. Emergency response teams were deployed immediately to contain the resulting fires, as extensive damage has been caused. All personnel have been accounted for and no casualties have been reported at this time. QatarEnergy will continue to communicate the latest available information. #Qatar

I appeared on CNBC with @dan_murphy to talk about the power vacuum at the top of Iran's system, how Iran keeps fighting on anyway, and the prospects of both the war getting worse (it certainly can) and how Trump might step off the escalation ladder. cnbc.com/video/2026/03/…

Iran is committing global economic warfare: ADNOC CEO cnb.cx/47D34uw

The Israeli targeting of facilities linked to Iran’s South Pars field, an extension of Qatar’s North Field, is a dangerous & irresponsible step amid the current military escalation in the region. Targeting energy infrastructure constitutes a threat to global energy security, as well as to the peoples of the region & its environment. We reiterate, as we have repeatedly emphasized, the necessity of avoiding the targeting of vital facilities. We call on all parties to exercise restraint, adhere to international law, & work toward de-escalation in a manner that preserves the security & stability of the region.

Israel says it 'eliminated' Iran’s intelligence minister, defense minister says nbcnews.com/world/iran/liv…

The IAEA has been informed by Iran that a projectile hit the premises of the Bushehr NPP on Tuesday evening. No damage to the plant or injuries to staff reported. Director General @RafaelMGrossi reiterates call for maximum restraint during the conflict to prevent risk of a nuclear accident.

U.S. counterterrorism director Joe Kent resigns over Iran war @CNBC cnbc.com/2026/03/17/joe…

📊 UAE has been the most targeted since the war started, but Iran has escalated its attacks on Saudi Arabia in recent days: 98 drones were intercepted by the kingdom on Monday

Iran targets UAE energy infrastructure as gas field set ablaze, tanker struck near Strait of Hormuz cnbc.com/2026/03/17/ira…

#War In #WestAsia Continues to Intensify * Israel launches attacks across Lebanon & Tehran * Trump: “War with Iran to end soon” CNBC’s @dan_murphy for the latest updates. #MiddleEast #Israel #Iran #Lebanon #CNBCTV18News

UAE’s Fujairah oil trading hub targeted by a drone attack, causing large fire cnbc.com/2026/03/16/uae…