A Qatar LNG attack slashes supplies, spiking global gas and oil prices.

Gas prices in the U.S. and Europe have risen sharply after an attack damaged a Shell-operated LNG facility in Qatar, a major global exporter. The disruption reduced natural gas output and delayed shipments, tightening supply amid high global demand, particularly in Asia. Crude oil rose to $114 a barrel, and European gas prices surged up to 35%, with ripple effects on U.S. fuel costs. The long-term impact depends on repair speed, alternative supply routes, and regional stability.