flash on Nostr: ⚡️🇶🇦 NEW - Qatar slashed government budgets by up to 30% and cut overseas ...
⚡️🇶🇦 NEW - Qatar slashed government budgets by up to 30% and cut overseas aid by roughly 85% as the Iran war devastates its LNG-dependent economy.
Iranian strikes on Ras Laffan, the world's largest LNG hub, cut export capacity by 17%, with full recovery expected to take 3-5 years.
The effective closure of the Strait of Hormuz has further crippled exports.
The IMF projects Qatar's GDP will contract 8.6% in 2026.
Goldman Sachs estimates Qatar and Kuwait are losing $1.5-2 billion per week in energy revenue.
Qatar is drawing on its roughly $500 billion sovereign wealth fund to maintain liquidity but is "seriously contemplating" further cuts if the crisis continues.
Source: FT
Published at
2026-08-23 08:47:14 UTCEvent JSON
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"content": "⚡️🇶🇦 NEW - Qatar slashed government budgets by up to 30% and cut overseas aid by roughly 85% as the Iran war devastates its LNG-dependent economy.\n\nIranian strikes on Ras Laffan, the world's largest LNG hub, cut export capacity by 17%, with full recovery expected to take 3-5 years. \n\nThe effective closure of the Strait of Hormuz has further crippled exports. \n\nThe IMF projects Qatar's GDP will contract 8.6% in 2026.\n\nGoldman Sachs estimates Qatar and Kuwait are losing $1.5-2 billion per week in energy revenue. \n\nQatar is drawing on its roughly $500 billion sovereign wealth fund to maintain liquidity but is \"seriously contemplating\" further cuts if the crisis continues.\n\nSource: FT \nhttps://blossom.primal.net/289f206d3bc69cc093d53a464eda5297c80e363025e3726d770c47102eace73e.jpg",
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