Energy Crisis Deepens: Crude Hits $114, Gas Jumps 33% Amid Iran-Israel War Havoc

• Global energy market in turmoil after Iran's attacks on key Gulf energy infrastructure, including Qatar's Ras Laffan LNG plant.
• Brent crude prices surged to nearly $114 per barrel; US crude rose 1.1% to $96.45; natural gas (Henry Hub) jumped 3.3%, and European gas (Dutch TTF) soared 35%.
• Qatar's Ras Laffan, the world's largest LNG hub, shut down, and the Strait of Hormuz was almost closed, halting global LNG shipments.
• Iran attacked Kuwaiti oil refineries in retaliation for Israel's strike on Iran's South Pars gas field, threatening long-term production capacity.
• Stock markets globally plunged, with Asian markets seeing sharp declines and India's Sensex dropping 2.3%; the dollar strengthened, and the rupee fell.