00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Oil and gas prices surged as Iranian missile strikes damaged Qatar's Ras Laffin LNG facility,
00:08escalating fears of a global supply shock tied to the Iran war, according to CNBC.
00:13Brent crude for May delivery rose nearly 7% to $114.66 per barrel
00:19after briefly surpassing $119 earlier in the session,
00:23while U.S. West Texas Intermediate Futures fell 0.3% to $96.17.
00:30U.S. natural gas rose 2.8% to $3.15 per million British thermal units,
00:36while April gasoline climbed 2.6% to $3.18, reaching a near four-year high.
00:43Qatar said Iranian missile strikes damaged a key LNG export facility after Tehran warned
00:48it would target energy infrastructure in Gulf countries in retaliation for Israel's attack,
00:53on an Iranian gas site.
00:54Qatar said the attack caused extensive damage and warned of a dangerous escalation,
01:00while tanker traffic through the Strait of Hormuz.
01:02Analysts warned markets could shift from a supply chain disruption to a true supply shortage,
01:07raising the risk of extreme volatility if attacks expand beyond the region.
01:11For all things money, visit Benzinga.com.
Comments