Crude oil futures are going up, but prices for products are still dropping. What is happening is that some investors are pumping up crude in the anticipation that other oil nations will get hit or join the war. Some are still expecting Trump to sit this one out, which he clarified this afternoon, the US will provide the necessary support to ending the theocratic rule if they don’t come to the table.
Some people believe Muslims in Saudi Arabia will somehow join against Israel, in reality they are quietly cheering the Israelis on. Nobody wants Iran to win this, not the Chinese, not the Russians, not the Saudis, not the Jordanians, not the Syrians, not even the Iranian people. Trump has already destroyed the ‘pain points’ in the area (the Houthis), a third world ragged group of pirates that were allowed by the previous administration to have an effect on long term strategic shipping lanes. The biggest loser here, besides the Iranian dictatorship, will be China, they are getting a ton of oil from Iran, they are one of the sole buyers, so they get to dictate bargain prices right now, however, if they end up nuking something (if they had the capacity) that would be the end of Iranian oil for the next few decades, if they lose the war, their oil will become a lot more expensive.
Right now, there is a high chance this is a protracted 2-3 week ‘war’ that will end in the overthrowing of Khomeini. However for that, Iranians have to rise up against their regime. There will be a civil war of some sort, but nobody is going to send a nuke to Israel, nobody is going to gang up against Israel, you read too much into the Bible if you think that it has anything to do with this, or the previous protracted skirmishes that Israel has had with Iran since its inception.