Oil climbs to 2-year high as Gulf output fears mount
Oil prices jumped to their highest in more than two years after Qatar's energy minister warned Gulf oil and gas output could stop within days amid escalating conflict, with Brent above $93 a barrel and risks of a move toward $150 if the Iran war persists; the Strait of Hormuz disruption and QatarEnergy's LNG halt under force majeure underline potential inflationary and growth risks, likely prompting reserve releases if the crisis lasts.
