The Iran war just entered dangerous new territory. Israel struck South Pars — Iran’s crown jewel and the world’s largest natural gas field. Iran hit back fast. It attacked Qatar’s massive LNG complex, targeted a UAE gas field, fired on a Saudi oil refinery, and struck two Kuwaiti gas units. Markets reacted immediately. Brent crude surged nearly 8% to $115 a barrel. US gas prices have jumped 90 cents in just 19 days — one of the fastest spikes on record. The Strait of Hormuz, through which 20% of global oil and LNG passes, remains largely blocked. Qatar — the world’s second-largest LNG exporter — had already halted ... (full story)