Oil Tops 110 Dollars as Qatar Aborts Hormuz Exports #
The physical reality of the Persian Gulf conflict is finally overriding market sentimentality. QatarEnergy has officially aborted liquefied natural gas transits through the Strait of Hormuz. Tankers Al Daayen and Rasheeda executed abrupt U-turns this week rather than risk kinetic interception by Iranian drone swarms. With 17 percent of Qatari export capacity knocked offline by previous strikes, the global energy logistics map is violently redrawing itself. Brent crude surged past $110 a barrel in response. This is not a temporary…