The problem still remains… what is the goal here?
[...] an attack on Iran would create an existential crisis amongst the regime in which they are going to go for broke to disrupt commerce in the entire Middle East.
So again… what is the goal here?
What is the goal indeed? Nobody, including our President, knows.
On the disruption of commerce (particularly oil...which, if the region didn't have, the rest of the world would tell them to pound sand -- pun intended) I'm not worried. So far, the damage has been mostly confined to non-energy infrastructure. Even if that changes, production is still there. Just not transport to refineries.
Current actions could cause a temporary (3-6 month) spike in oil and gasoline prices. Maybe even panic buying reminiscent of toilet paper during COVID. But thanks to fracking, the US can (1) supply its own needs, and (2) shore up a lot of the world's supply. Might be a minute to get capped wells back online, but we'd get there pretty quick.
Side note: I've always thought of fracking as a national security issue.
Yeah, $5 gasoline will make headlines and Elizabeth Warren and Bernie Sanders will screech that poor people are starving their infant children to buy gasoline and we should tap the Strategic Reserve.
All in the same breath with which they're denying drilling and pipeline permits and the expansion of refineries.
But it won't be a long-term (7-18 month) impediment. We'll be OK.