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Ras Laffan Industrial City, Qatar's main LNG export terminal
ENERGYIRAN ⟶ QATAR
Qatar is paying over $1 million a cargo to keep LNG moving around its own blockaded strait
The US-Israel war on Iran leaves Iran contesting the Strait of Hormuz → Iran targets Gulf energy infrastructure and strikes tankers near the strait → Qatar's LNG exports fall 96% in the war's first six months, an estimated $24bn in lost gas sales → Qatar and the UAE start transferring cargo ship-to-ship off Oman, adding over $1m and up to 35 hours per transfer → US Gulf Coast LNG capacity, already over 120 million tonnes a year under construction, becomes the structural beneficiary → both Washington and Tehran still contest what 'open' even means for the strait
SOURCED

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SECURITYNIGERIA ⟶ SOUTH AFRICA Africa's two biggest economies stop talking: Nigeria suspends all visits to South Africa POLITICSUNITED STATES ⟶ GREAT BRITAIN Trump breaks US neutrality on Northern Ireland: "it may as well happen now" GEOPOLITICSUNITED STATES ⟶ SOUTH KOREA Trump wants South Korean troops in Hormuz — 601 civic groups are marching to stop it ECONOMYJAPAN ⟶ UNITED STATES Japan spent $98.6bn defending the yen — by selling the Treasuries Washington doesn't want dumped GEOPOLITICSINDIA ⟶ CHINA Xi skipped India for seven years — the BRICS summit just brought him back TRADEUNITED KINGDOM ⟶ ISRAEL The UK called it ethnic cleansing — then banned the settlement goods, financing and adverts TRADETHE UNITED STATES ⟶ CANADA The Supreme Court took away one tariff power — so Washington reached back to a law from 1930 that nobody had ever used HUMANITARIANTHE GULF'S PROXY WAR ⟶ SUDAN'S FAMINE El Fasher's ethnic cleansing meets a hunger crisis a Gulf war just made worse POLITICSTHE AFD ⟶ GERMANY'S GOVERNING COALITION The AfD won 43.8% in Saxony-Anhalt — more than the next three parties combined, and three seats short of ruling alone ECONOMYBOLIVIA'S GOVERNMENT ⟶ THE IMF Bolivia ran out of dollars, floated its currency, and cut fuel subsidies three times in six weeks TRADECHINA ⟶ ARCTIC China's new Arctic route to Europe is three weeks faster than Suez. It's also more expensive. GEOPOLITICSUNITED STATES ⟶ DEMOCRATIC REPUBLIC OF CONGO Congo's copper now has two railways racing to carry it out. One is Western, one is Chinese. GEOPOLITICSTURKEY ⟶ GREECE Turkey warned Greece to stop arming its islands. Greece had just signed a $3.5bn deal to do exactly that. GEOPOLITICSUNITED STATES ⟶ IRAN The nuclear program is gone — the US–Iran war isn't GEOPOLITICSISRAEL ⟶ LEBANON Israel freed five Lebanese prisoners this week — the disarmament term stuck since June hasn't moved SECURITYUNITED STATES ⟶ MEXICO Two CIA officers died in a raid Mexico says it never approved. Trump still hasn't ordered the land strikes he promised. TRADECHINA ⟶ UNITED STATES China froze its rare-earth crackdown for a trade truce — then blacklisted the two US firms built to escape it

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