Ras Laffan (Qatar) helium plant shut after Iranian missile strikes (mid-March 2026) — cutting ~30% of QATAR's helium volume ≈ ~11% of GLOBAL supply (the body's earlier '~30% of global' overstated the magnitude; corrected 2026-06-03). Stockpile timeline binds late August/September 2026. HELIUM CORE RE-VERIFIED 2026-06-03 (web): Ras Laffan is STILL SHUT — QatarEnergy says restart requires hostilities to cease then weeks-to-months to normalize, with associated LNG repairs expected 3-5 years → a MULTI-YEAR helium reduction, longer-duration than the original model. The premise is intact and NOT killed; what is dead is every TRADE expression of it. PARTIAL HIT, all legs inverted: US helium-as-tailwind leg never priced (APD weak-down RSI 38, -5.4% 30D after 3 months); LNG complex broken (LNG -13.5% 30D, FLNG/GLNG/CQP weak-down); Asia-fab leg rips AGAINST the thesis (EWT RSI 76 at 52wk highs +49% 3M, EWY +58% 3M — voting 'no helium crisis' louder than ever). US nat-gas is WEAK not elevated (UNG -35% from high, BOIL -78%) — the user's '$8 gas' is global/European LNG (TTF/JKM), not US Henry Hub; the US-vs-global gas BASIS is why the LNG-equity leg stays dead despite the Qatar outage. This…