🇶🇦⚡️ — Qatar's revenues fell by 42% in the first half of the year, while government spending was cut by 14%, which did not affect essential services or priority development projects

- Emir Tamim bin Hamad Al Thani said today.

The decline in revenues is linked to the closure of the Strait of Hormuz and damage to energy facilities in Ras Laffan, which disrupted a significant part of the country's exports.

Qatar accounts for about one-fifth of the global liquefied natural gas (LNG) market, so these disruptions could become a source of instability for global energy markets.

@IntelSlava