Idk, it will spike gas prices presumably, one thinks Iran would shut down the straits of hormuz this time, I can't believe they didn't last time though so what do I know. But it will supercharge inflation, and gas prices, 25% of oil moves through there.

Plus once a ship gets blown up, insurance pulls their coverage, and those tankers are worth like a hundred million or more, they won't risk them in a war zone without insurance.

One would think between mines, and missiles they could have dug in and pull out and shoot off then disappear, that they could shut down the straits, and that maybe last time they were holding back to wait it out and not escalating. Which was a mistake as it guarenteed Israel would want to get some more cost free hits in.

But close to the election the hyper inflation could hurt, now they've plenty of time to calm it down, assuming they can keep Israel on a leash enough to keep the gulf ships going through after.