Qatar warns war on Iran could 'bring down' world economies

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6 March 2026 10:46 GMT Updated: 08:30 ET

Qatar has warned that the US-Israeli war on Iran could “bring down” the world’s economies.

The Qatari energy minister said the Israeli-US attacks in the region and Iran’s retaliation could shut down all Gulf energy exporters within days and drive oil to $150 a barrel.

“This will bring down the economies of the world,” Saad al-Kaabi told the Financial Times.

“If this war continues for a few weeks, GDP growth around the world will be impacted. Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply.”

Iranian strikes have already prompted Saudi Arabia and Qatar to halt production at major oil and gas facilities.