On Monday, the global markets saw a significant surge in oil and gas prices as tensions escalated in the Middle East. Iran's missile and drone strikes in response to attacks from the United States and Israel have created concerns regarding potential disruptions to energy supplies. Specifically, natural gas prices witnessed a dramatic spike of nearly 50 percent following the suspension of liquefied natural gas production by QatarEnergy, attributed to military threats targeting its facilities.

The Brent crude oil benchmark rose by 10 percent, surpassing $82 per barrel, as reports emerged of multiple attacks on vessels near the strategically vital Strait of Hormuz, a route responsible for transporting approximately 20 percent of the world’s oil and gas. Although prices later relaxed to about $79 per barrel, the incident sparked fears of a longer-term impact on energy supplies, as U.S. traded crude also increased by 7.6 percent, reaching $72.20.

Iran has issued warnings to vessels navigating through the Strait of Hormuz, highlighting the strait's importance as a key maritime chokepoint. The ongoing military actions have significantly slowed shipping traffic in the area, prompting analysts to caution that prolonged hostilities could lead to an extensive and prolonged disruption of critical global energy supplies, further complicating an already fragile market.