The Al Mayeda, a liquefied natural gas carrier belonging to Qatar Gas Transport Company, was struck by unidentified objects Friday evening while sailing in the Gulf. No crew injuries or environmental damage were reported. The vessel remains operational, with damage assessment underway. The company disclosed the incident Sunday via the Qatar Stock Exchange. The attack is not isolated. More than 120 commercial ships have been hit since the US-Israel war on Iran began in February, according to data from the International Maritime Organization and UK Maritime Trade Operations. October was the deadliest month for shipping, with 29 vessels struck — nearly one per day. March recorded 20 attacks. The pace is accelerating, not stabilizing. Iran closed the Strait of Hormuz early in the conflict and has repeatedly warned that vessels attempting passage without its permission face "destruction." The US reimposed a blockade on Iran's southern ports in July, and attacks have increased since. The result is a feedback loop: blockade provokes retaliation, retaliation justifies tighter enforcement, and commercial shipping absorbs the cost of both. Qatar is the world's largest LNG exporter, and its entire supply chain runs through these waters. The Al Mayeda incident is a direct hit on a node in the global energy supply chain, not a peripheral disruption. Qatar Gas Transport Company provides towage and marine support services to Qatari ports and terminals — the infrastructure that keeps gas moving from wellhead to tanker to market. The broader pattern is unmistakable. Oman recently rescued 25 crew from a burning oil tanker in the Strait of Hormuz. Iran reported four tankers on fire after striking mines. Each incident individually is manageable; collectively they represent a sustained degradation of the world's most critical energy chokepoint. Insurance premiums, rerouting costs, and delivery delays compound with every attack. The geopolitical overlay complicates response. Iran's foreign minister has described US outreach as a "positive step," with an Iranian delegation present in Qatar for talks. Diplomacy and maritime violence are running on parallel tracks, and neither is waiting for the other. The attacks continue while envoys meet. The 20-year question is whether the Gulf can remain a viable commercial waterway under these conditions. If attacks normalize at the current rate — roughly 15-30 per month — insurers will price in permanent conflict risk, shipping will reroute where possible, and the energy infrastructure concentrated around Hormuz becomes a liability rather than an asset. The countries that depend on this chokepoint — Qatar, the UAE, Kuwait, Iraq — face an existential logistics problem with no military solution short of reopening the strait by force.