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Qatar's Energy Minister Saad al-Kaabi warned in a Financial Times interview that Gulf oil producers could halt exports within weeks due to escalating Middle East tensions involving the US, Israel, and Iran. He projected oil prices might surge to $150 per barrel if supply disruptions materialize. The minister cited geopolitical risks and potential production cuts as key drivers of this scenario. This statement could intensify volatility in global oil markets, particularly as OPEC+ nations consider coordinated production adjustments. Traders may react by hedging against further price spikes, while energy-dependent economies face inflationary pressures. The US and Europe’s energy security strategies could also be tested if Gulf exports face prolonged disruptions. For Gulf investors, the outlook hinges on the duration of the conflict and OPEC+ policy responses. Key indicators to monitor include OPEC+ meeting outcomes, US-Iran diplomatic developments, and regional military movements. Energy sector stocks and oil-linked ETFs may see increased trading activity in the coming weeks.
