ChainThink report, March 8: According to analysis from The Kobeissi Letter, at the same time, Kuwait, UAE, Saudi Arabia, Iraq, and Qatar have all confirmed at least partial suspension of oil production. Qatar has fully halted supply, cutting off approximately 20% of global liquefied natural gas (LNG) deliveries. The greater concern is that once oil and gas facilities are shut down, restarting capacity is far from straightforward. Once a plant shuts down, it may take weeks or even months to ramp back up to full operational capacity.

The analysis indicates that U.S. equity index futures will open in under 24 hours; however, with oil prices surging, there are no signs yet of de-escalation in Middle East tensions. The coming 24 hours are therefore critical. Unless intervention occurs, oil prices appear poised to spike above $100 per barrel.