RE:RE:RE:7 bucks soon !!! Back up the truck!! 💥 💥 Oil momentum should fall back. Even if Iran blocks the straight it would be reopend in days. Iran has no motivation to disrupt oil right now. You may even see negotiations start at some point and Iranian oil may return to market. No way a full blown war starts, Iran knows that would be idiotic, Irans strenght is cyber attacks and that will probably the revenge of choice.
Invest on valuation as guessing geopolitical risk is like playing roulette.