Assault on Iran signals 'oil crisis'

The last time there was a crisis this serious in the Middle East, during the Arab-Israel war of 1973, the rest of the world suffered in what is now called the "oil crisis", as Arab oil producers reduced supplies and petrol stations everywhere ran out of fuel.

- 

In South Africa, that manifested as draconian restrictions, including a ban on fuel sales after hours and over weekends, as well as a reduction in the national speed limit from 120km/h to 80km/h to conserve fuel.

When US President Donald Trump ordered the B-2 bombers in to destroy Iran's supposed nuclear weapon development facilities, he set the world on what might well be a similar trajectory to 1973.