Iran threatens to hit Gulf states if US launches new strikes

question: When does all this hit the fan? Been reading for months that gas will rise to astronomical prices. When? answer: it depends heavily on China. If China were to jump into the global oil market with both feet, prices would shoot upwards. To date they have largely stayed on the sidelines.They have huge amounts of oil in storage. Their behavior so far has been the big surprise. They have been providing a pressure relief valve for the entire globe.

interesting why usa wants to keep escalating, muat be some strat behind it maybe to induce strategical global recession or try and slow down china or something else

Do it, please. The world can't afford to keep burning oil.