NEW YORK (Commodity Online): With the Strait of Hormuz being the focus of all oil traders around the world, Qatar has decided that its best to prepare for the eventuality. Qatar is the world's largest LNG exporter, transporting around 77 million tonnes of LNG through the strait
A Dow Jones report states that Qatar is preparing to shut down all its LNF facilities if Iran carries out its warnings of closing the Strait of Hormuz.. The country will not have any alternative transport options in such a situation. "If you can't export, you have to shut down. Shutting down a lot of facilities is not easy”, the report quotes an anonymous senior official of the emirate
Meanwhile, Iran's supreme spiritual leader Ayatollah Ali Khamenei has said that Iran has its own methods to pose a threat to any embargo on its oil or in the event of a war. "In response to threats of oil embargo and war, we have our own threats which will be implemented at the right time, if necessary”, he was quoted in a television speech.
"They have threatened that all 'options are on the table'... Threats of war are detrimental to the United States, and carrying out a war would be 10 times more detrimental for that country”, he added
