Six months into the US-Iran war, Qatar is among the conflict's biggest economic casualties, with its liquefied natural gas exports slashed by 96%, data shows. Qatar has lost $24 billion in gas sales, which is about five months' worth of income for the country based on 2025 data,

What happened

Six months into the US-Iran war, Qatar's liquefied natural gas exports have fallen by 96%, according to data. This has caused a $24 billion loss in gas sales, equal to about five months of the country's income based on 2025 figures.

Confirmed

Global impact / market context

Qatar is a major global supplier of liquefied natural gas. A 96% drop in its exports could reduce global gas availability, potentially raising energy prices for buyers and affecting companies that depend on gas for power or production.

Analyst inference

The war has directly disrupted Qatar's main revenue source, gas sales. This could pressure Qatar's government budget and its ability to spend on infrastructure, while also straining global energy markets that rely on its exports for supply.

Analyst inference

What to watch

1. Watch for further updates on Qatar's gas export levels, as the current 96% reduction is based on confirmed data from six months into the war. Confirmed
2. Consider monitoring whether Qatar can find alternative buyers or routes for its gas, since current losses are tied to the conflict with Iran. Proposed
3. Watch how global gas prices respond, as a sustained drop in Qatar's exports could lead to higher costs for importing countries and energy-dependent firms. Analyst inference

Evidence

• x.com