While the Gulf's bitter diplomatic crisis is unlikely to affect energy prices in the short term, a prolonged rift that disrupts Qatar's gas supplies could send prices soaring, analysts say. Insurance rates will start increasing rapidly and those rates would have to be paid by Qatar," Seznec told AFP. Any disruption to Qatar's LNG exports could anger the European Union. So any disruption to Qatar's gas supplies would be painful for several countries. And a serious escalation of Gulf tensions or a military confrontation -- while seen as highly unlikely -- could cause energy prices to soar.

Source: dna June 14, 2017 15:56 UTC