Attacking Irans oil infrastructure and the economy

[s1962a]

If Isreal does attack Irans oil infrastructure, what will that do to our economy and energy prices over the next few months? Obviously prices will go up, but how else would it change?

https://www.bbc.co.uk/news/articles/c3rljzepw5yo

Saudi have said they want to ramp up production anyway, so a reduction in Iranian oil could be offset by Saudi oil. But prices could go up and Russia might benefit from this too.

Also Iran might end up causing issues with LNG shipments by sea, which could potentially affect energy security in Europe.

Is there a way this could be done without having a major affect on the economy?

[OutInTheShed]

The Russians will get a better price for their oil?

[s1962a]

OutInTheShed said:

The Russians will get a better price for their oil?

If Global oil prices go up, and Russia are selling theirs at a discount to friendly countries, they'd want a bit more to match global oil prices wouldn't they?

[isaldiri]

OutInTheShed said:

The Russians will get a better price for their oil?

You don't actually think they are being wholly constrained by the g7 price cap and unable to sell oil above that level do you?