This is really gonna crimp CHINA's style.
Yes, this certiainly impacts the US greatly, and all of us individually, but China is taking a beating with fuel costs this high.
Whats good for Russia, is not good for China, but may be good for us in the end.
So far, China is holding the line on sanctions for Iran, along with their "buddy" Russia. That's aprtnership destined to fail if this goes on much longer.
There is a lot more at risk then only Iran threatening another oil crisis.
Russia will deliver air defense systems to Iran - top general
Putin is supplying Iran's Islamic madmen with the means to kill American and Israeli airmen, and other allies who join us in taking down Tehran's terrorist régime.
In terms of Red China even though oil will most likely climb to $80 and beyond, OPEC rats like Hugo Chavez and the Iranians have made 'cheaper' reciprocal back-door deals with the Chicoms. Arms for oil, technical support for cheaper oil.