Please..."Could have"...Pakistan and India developed the bomb in the 90's and oil sold at $8 per barrel.
I think it is fairly obvious that there is Enron style irrational exuberance occurring in the oil markets.
But none of the Indian or Pakistani recent Governments have
evidenced hostility to the West as Iran's mullahs have...
Likelyhood of a strike from that quarter is remote. From Iran, far higher based on Amadinejad's statements alone.