Intensity of Iran attacks has lessened but continues across Gulf. Attacks have reached new heights targeting key energy infrastructure.

Qatar's largest LNG plant attacked, wiping out potentially 17% of global LNG exports. Repair will take 3-5 years.

LNG is not like crude; no reserves or policy response to replace missing exports, leading to massive impacts on LNG industry.

Big moves in oil markets are a result of Trump administration commentary overnight.

Retaliation is not stopping; attacks on British air base were not factored in by US administration.