State revenues fell 42% in the first half of 2026 and public expenditures declined 14%, the emir said, as Iranian strikes on Ras Laffan Industrial City facilities and the closure of the Strait of Hormuz disrupted exports. Because Qatar supplies about 20% of the global liquefied natural gas trade, the ruler called for stronger efforts to secure Gulf maritime routes and energy infrastructure to prevent further regional shocks.
Tuesday, October 20, 2026
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Qatar State Revenues Plunge 42% After Iranian Energy Attacks
Commodities6 days ago
Sheikh Tamim bin Hamad Al Thani has urged all Qatari government institutions and the general public to prepare for the "worst possibilities" in the Middle East to safeguard the state's stability. While some initial reports claimed the emir had declared war "imminent," he later clarified in a formal address to the Shura Council that such phrasing was a headline misquote and not his direct words, though he maintained that Qatar must be ready for worst-case scenarios.
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