Iran war pushes up global energy prices with Cayman impact unclear
International natural gas and crude prices rose on 2 March as Iran began targeting energy infrastructure in the Middle East.
Oil refineries in Saudi Arabia and Kuwait were struck by Iranian drones, causing a partial shut-down in Saudi Aramco’s Ras Tanura plant. In Qatar a drone strike shut down Qatar Energy’s massive Ras Laffan LNG complex. The strikes are significant because Saudi Arabia is the world’s second-largest producer of oil while Qatar is the third-biggest source of liquefied natural gas. For a more complete summary of the story, please see the below link:
Published on: Mar 03, 2026 02:42 PM