Qatar Warns of ‘Huge’ Economic Fallout From War in Coming Months

Qatar’s finance minister warned of a bigger economic fallout from the Iran war over the coming months if the Strait of Hormuz isn’t reopened soon and trade remains restricted to countries reliant on everything from natural gas and fertilizers to helium.

During a question-and-answer session at the International Monetary Fund’s spring meetings in Washington on Wednesday, Ali bin Ahmed Al Kuwari said what the world had seen so far with higher energy costs is “the tip of the iceberg.”