This is not receiving enough attention: Qatar is the world's 2nd-largest helium producer, supplying ~33% of global output, at 63 million cubic meters in 2025. When Qatar's Ras Laffan facility, the world's largest LNG export plant, shut down due to the Iran war, helium supply was cut, as helium is extracted as a byproduct of natural gas processing. As a result, the market is now losing ~5.2 million cubic meters of helium per month, with almost no spare capacity globally, as helium evaporates during storage and must reach end users within ~45 days. The disruption has already DOUBLED helium prices since the Iran war began. If disruptions last 60 to 90 days, prices could surge another +25% to +50%, potentially exceeding $2,000 per thousand cubic feet, over 4 times early 2026 levels. The Iran war is disrupting far more than oil and gas.(The Kobeissi Letter)