The Iran War is causing a problem with the world's near-term supply of petroleum. Even if the Iran War ended, immediately and completely and unambiguously, oil production and distribution would not recover to prewar levels for months or years.
What should be done about the fuel crisis specifically, and why? Under what circumstances? How likely are different circumstances to come about here, anyway?
Please include in your answers some advice and an explanation of the advice, an explicit model under which it makes sense.
The Iran War is causing a problem with the world's near-term supply of petroleum. Even if the Iran War ended, immediately and completely and unambiguously, oil production and distribution would not recover to prewar levels for months or years.
What should be done about the fuel crisis specifically, and why? Under what circumstances? How likely are different circumstances to come about here, anyway?
Please include in your answers some advice and an explanation of the advice, an explicit model under which it makes sense.
(This thread is roughly modeled on the corresponding thread for the coronavirus.)