Israel’s March 18 strike on Iran’s giant South Pars gas field has triggered a brutal energy war: Iran fires back at Qatar’s Ras Laffan hub, hits a Saudi fuel depot used by US jets and forces the UAE to halt operations at Habshan and Bab. With Hormuz still closed and LNG plus oil flows throttled, are Gulf economies staring at systemic collapse as prices explode and foreign help fails to arrive?