Iran’s paralyzation of tanker traffic through a key waterway and drone attacks on critical energy facilities in Saudi Arabia and Qatar have brought the Mideast conflict to the energy industry, raising the risk of disruption to energy supplies and the global economy. Qatar said it halted production of liquefied natural gas after it intercepted two Iranian drones targeting an energy facility in Ras Laffan Industrial City. The area houses a major LNG hub for Qatar, one of the world’s biggest exporters of the fuel. Shipping through the Strait of Hormuz—a critical chokepoint that handles roughly a fifth of global oil…

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