countries on the persian gulf exported around 18 million barrels of oil per day in 2022 (according to wikipedia). now, ~1.8 million of those were from Oman, who’s kinda on the outside, and Iran themselves. i think there’s an argument for this collapsing the global economy specially because of knock-on effects with China’s oil imports almost entirely coming through the Gulf, but i think there’s an earlier problem.
crude oil has ‘flavors’, namely light or heavy (referring to the length of hydrocarbon chains) and sour or sweet (referring to the relative amount of sulfur). the upshot of that is that oil refineries are built to take in specific flavors of oil. part of the reason Chevron is so mad about Venezuela is that, for fairly obvious geographical reasons, Venezuelan oil fits the refineries for the USA pretty well. shorter carbon chains have higher boiling points (more butane and less boat oil) and sweet oil does not need to have the sulfur removed from it. for instance, Saudi Arabia’s most common crude oil export is called ‘Arab Light’, which is a medium and sour crude oil. if Iran strikes at oil rigs, refineries, and distribution centers, there is no guarantee that other, unaffected infrastructure can actually do the same job. refineries built for sweet crude can not refine Arab Light. there could be barrels and barrels of oil sitting on boats and in pipelines, unable to be refined.
all of that is to say, depending on how and where Iran strikes oil infrastructure, the issue could very quickly become whether or not certain petroleum products are available at all, not just if the price is spiking. the price would also spike. there would be rationing and restrictions on international trade, most likely. in the areas most affected (hard to predict without knowing details), there would be pressure to declare ‘move it or lose it’ wars, with ‘it’ being all the fuel you currently have in stockpile. desperation and material interest can erase all alliances. the flip side of what could be several regional wars is that people are aware that those wars could happen. Saudi Arabia recently denounced genocide in Palestine (too little too late), and had meetings with the Iranian military. it’s certainly not a coincidence that Saudi Arabia didn’t start changing its tune until after True Promise II. Iran discussing strikes on oil infrastructure is as much a diplomatic tool as actually striking the infrastructure
then google it. mr. klein has been publicly feuding with hasan for months. people here are broadly familiar with that. you pushing the glasses up on your nose and saying, “um, actually, if events aren’t mentioned in the article from fox news, then they didn’t happen,” is asinine. no investigation, no right to speak