[kabar]

We do have the strategic reserve and most of our oil comes from this hemisphere. Since oil is a global commodity, we would see a huge spike in gas prices and that could scuttle the economy. It just depends on the length of the crisis. If Israel hit Iran, it could last weeks or months depending on what the Iranian response was.

One of the costs that would drive the price of oil up would be the insurance costs for the maritime industry that transports the oil.

[blam]

We have agreements with some allies to supply them with ‘X’ amount of oil/gas during certain circumstances regardless of our prices.

[Red Badger]

It would also ruin the economies of the EU and South Asia and Japan. The whole world would go into an economic disaster that would dwarf the Great Depression. Perhaps THAT is the target...............