Europe faces contraction in GDP if Strait of Hormuz does not open by October — Bloomberg
AI Summary
Qatar has indicated to European customers that the force majeure on gas exports via the Strait of Hormuz will last until mid-October, which risks causing a contraction in Europe's GDP if the strait remains closed.
According to the agency, Qatar plans to soon notify European customers that the force majeure situation regarding gas exports will persist until mid-October
World Politics Markets Commodities Energy Strait of Hormuz gas exports Qatar Europe GDP energy supply force majeure