Oh ok, I thought you were trying that ol' baffle them with BS technique. I've had that used on me several times in different ways when someone feels lost on substance. It's funny but annoying, especially when you start to fall for it.
Well, in your support the Saudi's said they could increase production to make up for the 4.25 million barrels a day the Iranians supply the market but they need time. And only six days ago oil rose as much as 3.6 percent during intraday trading from rumors of Iranian military training to cut off the Strait of Hormuz. Here are some of the comments from energy traders. “Crude oil is one of the most susceptible commodities to geopolitical risks and traders will react to anything in the Middle East that has potential to disrupt oil supplies,” said Sal Gilbertie, president of Santa Fe, New Mexico-based Teucrium Trading LLC, a sponsor of exchange-traded funds based on crude and natural gas. “We’re seeing a return of geopolitics to the market,” said John Kilduff, a partner at Again Capital LLC, a New York- based hedge fund that focuses on energy. “The military exercise in the Strait of Hormuz signals an escalation in tension and has serious implications for the flow of oil.”
And quote from a Reuters article,
Markets brace for possible attack on Iran - The Globe and Mail
Now those are comments from market experts who may not understand the situation as well. Here is a quote from several News articles about the new US sanctions bill on Iran, "US officials have also warned that depriving global markets of Iranian exports could send oil prices sharply higher, gifting Tehran a funding boost." So it's not written in stone yet what will happen.