How much do you think wars in major oil regions should influence global economic policies and energy planning?

I think it’s inevitable Maggie. We’re still so dependent on crude oil and all its products that anything that unsettles the Middle East will have a global financial impact.

It's not just the oil & energy markets. The war around the Strait of Hormuz is impacting a big swath of global shipping of all products, adding to the cost as ships avoid the area -- including the Suez Canal -- for longer routes adding further to their fuel and time changes, or pausing shipping all together.

The US is providing Insurance coverage for all oil company assets that use the Strait of Hormuz since Lloyds of London (no surprise) wimped out. All of those assets will be escorted by US warships and air assets. Oil prices have gone up predictably but will settle. Iran is done.

Yes. That's the point.

western countries don't get oil from Iran... China does (90% of it in fact); as for trade through Hormuz strait, most of that goes to asian markets... and none of them are apparently concerned enough to patrol it...

Wars always do have geopolitical and geoeconomic impacts. Doesn’t matter what I think should be.

It unfortunately will

"Should" is not the operative word. Instability in the Gulf will always have a major impact on the world economy while we are still dependent upon fossil fuels.

The question you really have to ask yourself is, why would the President of the USA pick a fight with the country who supplies 90% of the world oil, to then find himself in the awkward position of having the Strait of Hormuz blocked by the country whom he declared war against?

It's not the global economy I would worry about, it's the mental state of the President that Americans elected TWICE that I'd truly concern myself with.

Oil is a world commodity. It takes very little to effect the price of it.

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