17% Wiped Out - Joe Blogs

[TexasTowelie]

17% of global gas supply has just been wiped out.

The war in Iran is continuing to escalate — and the impact on global energy markets is now becoming severe.

A major attack on Qatar’s gas infrastructure has taken out around 17% of its LNG capacity, removing millions of tonnes of supply from the global market for up to five years.

At the same time, oil prices have surged from around $60 to over $100 per barrel — an increase of more than 70% in just a few weeks.

This is now driving higher inflation, rising borrowing costs, and increasing the risk of slower global economic growth in 2026.

In this video, I break down:
• The latest developments in the Iran conflict
• The damage to global energy infrastructure
• The impact on LNG, oil, and fuel supplies
• Why prices are rising so rapidly
• And what this means for the global economy