Summary

Israel strikes Iran Navy in Caspian Sea. Iran FM Discusses Strait of Hormuz with EU's Kallas, oil dumps, amid reports of Iran launches on KSA. Largest Qatar LNG export hub hit by Iranian missiles. Doha expels diplomats.

Some Gulf states want to ensure Iran's missile arsenal destroyed for good, as EU, Russia, China demand ceasefire; Beijing ignores Trump's Hormuz plea

Israel says Iran's intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates.

Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE; Iraq reroutes some flows through Ceyhan Pipeline to Turkey

Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that "the blockade is now the worst disruption to oil flows ever..."

Trump Waives Jones Act to "mitigate the short-term disruptions to the oil market"; VP Vance will meet with Big Oil Execs on Thursday to discuss plan to combat surging gas prices at the pump  

Qatar Expels Iranian Diplomats

In the wake of the major Iranian missile attack on Ras Iaffan Industrial City and Qatar's main LNG export hub, Doha has declared Iranian military and security attaches in the country persona non grata, effectively expelling the diplomats. Oil is also ramping back up again on the late-day headlines of ongoing Iranian retaliation against Gulf energy:

BRENT OIL EXTENDS GAINS IN POST-SETTLEMENT TRADE TO ABOVE $110

War Expands To Israeli Strikes in the Caspian Sea

The war has once again expanded geographically, as Israeli media is reporting fighting in the Caspian Sea.