The recent conflict in Iran has sent shockwaves through the global energy markets, with oil prices soaring to a two-year high. Qatar has raised alarms, warning that all Gulf energy exports could halt within days if the war escalates. This uncertainty has driven Brent crude prices above $90 a barrel, while U.S. crude tops $88. QatarEnergy has declared force majeure, stating it cannot produce liquefied natural gas (LNG) and has shut down its gas liquefaction capabilities, which may take weeks to restart. As a result, LNG shipping rates have skyrocketed, with reports of spot rates hitting $300,000 per day. Meanwhile, European and Asian nations are preparing for a gas bidding war amid fears of significant supply disruptions. The Iranian conflict poses a threat not only to oil supply but also to helium and gas supplies globally. Experts predict oil prices could reach $150 a barrel as the situation develops, affecting economies worldwide and leaving many vulnerable to escalating energy costs.