The damage to a Qatari facility, which supplies a fifth of the world's liquefied natural gas, is threatening to keep energy prices high globally, even if the war in Iran ends soon. The incident has exacerbated what is already the largest-ever energy supply disruption. Gas prices in Europe rose by 30% as markets reopened, and some gas stations in Asia have already implemented fuel rations to combat shortages. Analysts predict that Europe and Asia will bear the brunt of the new supply disruption, but it will eventually ripple across the globe, likely hitting the US in about two months. The Federal Reserve has kept interest rates unchanged over uncertainty around the Iran war, and warned that higher energy costs could increase inflation. The International Association of Energy and Trade Federations has also announced a historic release of 400 million barrels of oil.