Brent crude briefly exceeded $110 a barrel after missile strikes hit major Gulf energy facilities, marking the most significant jump in weeks. Ras Laffan LNG terminal in Qatar suffered extensive damage, forcing a suspension of operations at the world's largest liquefied natural gas facility. Habshan gas plant in the UAE also halted production due to debris from intercepted missiles, highlighting vulnerability in regional energy infrastructure. A $2 million fee paid to Iran for safe passage through the Strait of Hormuz underscores escalating risks to critical shipping lanes.