Qatar experienced a 42% decline in government revenue during the first half of 2026, largely due to disruptions in LNG exports caused by the ongoing conflict with Iran. Iranian strikes damaged key LNG facilities and restricted maritime routes, forcing QatarEnergy to declare force majeure on several contracts, affecting nearly 17% of the country’s LNG export capacity. The financial strain from these disruptions is evident as both revenue and spending have been adversely impacted, raising concerns about Qatar’s economic stability in the near term. Market pricing suggests a 9% probability of Iranian President Masoud Pezeshkian’s departure by year-end.
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