Middle East energy damage from Iran war could cost $25 billion

Energy infrastructure repair costs across the Middle East could reach at least $25 billion, Arab News reports, citing estimates by Rystad Energy.

Key facilities including LNG trains, refineries, and gas-to-liquids plants, have been hit, leaving some sites offline for years.

Qatar’s Ras Laffan Industrial City faces up to a five-year recovery due to destroyed LNG trains and a 17% capacity drop.

The disruption is also driving steep costs for regional businesses, like Hapag-Lloyd, which faces $40-50 million in extra weekly expenses that will likely be passed to customers.