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A bomb attack on a liquefied natural gas (LNG) terminal in Qatar caused European natural gas prices to rise by 49%. This event has implications for global economies, particularly if the terminal or the Strait of Hormuz remains closed for an extended period.

US crude oil prices increased by 7.8% to $72.25 per barrel, while UK crude oil prices rose by 8.5% to $79.04 per barrel. Diesel and gasoline prices also experienced significant increases, according to Alan Vaht from fuel company Terminal.