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Qatar's Government Revenue Plunges 42% In First Half As Iran War Knocks Out Gas Exports
Qatar's Government Revenue Plunges 42% In First Half As Iran War Knocks Out Gas Exports Qatar's government revenue fell 42% in the first half of 2026, Emir Sheikh Tamim bin Hamad Al Thani told the Shura Council on Tuesday, October 13. The figure puts an official number on the damage that the Iran war and the closure of the Strait of Hormuz have inflicted on what was previously the world's second-largest liquefied natural gas (LNG) exporter. Public spending also fell 14% over the same six months, the emir added as he opened the council's annual session in Doha. "It is only natur