If you or your firm handles trucking or mining or tractors or something like buses, stock up on additives where the vast majority of production (like brake fluid, AdBlue (DEF) and gear oil) is Asian now before they get even more expensive. To give a sense of perspective, I've seen prices for transmission fluid and antifreeze almost double month-on-month in England where I am.

Iranians have said they would retaliate against oil fields and refineries in Israel and the Gulf. But since the majority of US air defenses have been diverted in defense of Israel it looks like the gulf arab states will bear the brunt of the retaliation. It looks like they have already successfully struck targets in Saudi Arabia[1] and Qatar[2].

This is the moral hazard in action as a result of unconditional support for the rogue-state that is Israel . Israel continues to escalate since they face little of the consequences - being under the US security umbrella. It is the rest of the world that pays the price instead (apart from Russia). In a sane world we would be changing this equation such as by pulling air defense, air support, lethal aid, air tankers support, EWACs, intelligence and satellite sharing, defense away from Israel. But the Trump administration and indeed the collective west seems to be under the chokehold of the Israel lobby.

[1] - https://x.com/MenchOsint/status/2034348372346245584 (alt : https://xcancel.com/MenchOsint/status/2034348372346245584 )

[2] - https://x.com/MenchOsint/status/2034340405060194649 (alt : https://xcancel.com/MenchOsint/status/2034340405060194649)

Iran's South Pars Gas Field Is Attacked by Israel, Sending Energy Prices Soaring

https://news.ycombinator.com/item?id=47428611

But one thing, higher oil prices may get the US to really get working to avoid Climate Change. Yes, some progress has been made, but real CO2 emissions is increasing. The only time it decreased a bit was during the Covid Shutdown.

But one plus may occur, higher price of oil.

Yes, higher prices will cause suffering with the poor and middle classes, but that suffering pales in comparison to what +1.5C will cause. We are already on track for more then 2C. Suffering from that will be far worse than $150 USD price per barrel. Better to take a small hit now and hope it can keep us below 1.5C then trying to live with 2C.

Yes, I posted this knowing it will be down-voted, but cheap oil only makes +3C guaranteed to happen. Who cares about the young anyway /s

this is going to destroy world economy on every angle

fuel and now food

it's like the Israeli's figured out the answer to their problem was to make it everyone's problem

how about we stop giving them offensive weapons, defensive only or we'll be going through this every decade

It is a great plan. The Gulf Monarchies are weakened (that is what you get for your Trump bribes ...), the EU is weakened, and the US controls all energy flows.

China can use the land route to Russia. The EU is going to commit economic suicide instead.

This will likely lead to destruction of energy infrastructure across the Gulf from tit-for-tat attacks leading to the worst case scenario that everyone has been warning about - the complete destruction of all energy infra across the Gulf. Iran's trump-card was exactly this - they've given written letters that this is what their response would be if their energy infra was harmed.

This is extremely serious - this is going to wreck Asia. I'd not be surprised if significant percentage of people in places like India die from famines (think 100s of millions), lack of electricity and supply-chain issues if this goes where the mad apocalypse-obsessed suicidal Zionists in Israel/US are pushing this.

Do you really need the "blood-sacrifice" of the Asian "pagans" for your silly eschatological larping ? Eesh.