Major Middle Eastern oil producers, including Kuwait, the UAE, Saudi Arabia, Iraq, and Qatar, have announced a partial halt in oil production, with Qatar fully ceasing its liquefied natural gas supply, which constitutes about 20% of global output. This development is expected to drive oil prices above $100 per barrel, as restarting production could take weeks or months. The Kobeissi Letter analysis highlights the potential impact on U.S. stock index futures, which are set to open soon, amid ongoing tensions in the Middle East. The situation remains critical, with no signs of de-escalation, suggesting a continued upward pressure on oil prices.