A gas shock, not an oil shock, from the Iran war looks more threatening | Nils Pratley

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz Gas prices soar and oil jumps as Iran war pushes down global stock markets The price of oil grabs most of the energy-related attention during conflicts in the Middle East for understandable reasons: oil is the commodity on which the world runs (still) and analysts have roughly reliable models for what every $10 per barrel increase in cost does to global growth and inflation...

By Nils Pratley