The three biggest oil producers are the USA (12 million barrels/day), Russia (11) and Saudi (~10). Oil price rising by $10 means billions of dollars gained by these, without disrupting the world order. Note - oil price didn't cross $70.
The USA needs the threat of Iran to ensure that the Gulf nations subscribe to its security umbrella and sustain its arms industry. By provoking Iran, it reinforces the threat as Iran retaliates.
Now Iran and its allies like Syria, Lebanon, and Jordan will buy arms from Russia to counter. Russia is happy counting rubles. Note the conspicuous silence of Russia.
China faces a double whammy. Higher oil prices hurt, but if it gets into the conflict, the USA will raise tariffs and it loses a $500 billion American market. Can't afford that. So China is quiet too.
Iran is saber-rattling, but can't get into a conventional conflict with the USA. So it will go for asymmetric warfare by (a) funding terrorist groups in the region which will keep the regional pot boiling and (b) going nuclear, which will justify sanctions against Iran.
Earlier, Iraq and Libya were getting too defiant. Saddam and Gadaffi had to be hunted. These were among the strongest economies in the region - now in shambles.
Now Iran remains the only strong nation defiant against the US. As screws get tightened through sanctions, its economy is crumbling. As it gets into asymmetric warfare, the entire region will get engulfed in conflict - suits the US. As Iran goes nuclear, it will get more belligerent. Suits US. As Iran goes nuclear, it will get further isolated like North Korea. Suits US.
There is a method in this madness. The US has no interest in resolving conflict in the middle east - in fact, the reverse. Any power that is against the US and grows too big needs to be trimmed to size - without being decimated - so that each country in the region has a strong enemy to contend with, and seek arms from US or Russia.
Watch this video to understand the idea in the mind of Trump to why to wage war against Iran. The video will load below this line.
Both the US and Russia are oil surplus nations. Oil at $70 suits both of them, besides the arms sales. The loser in this game is Iran as it faces attrition on its economy and gets further isolated by belligerence forced upon it.
Iranian Reaction
Watch this video clip of 0:28 seconds. Soldiers of the Islamic Revolutionary Guard Corps make Qassem Solemani's face in a tribute. The video will load below:
USA is in a tricky situation. However, it has to exert itself else it loses the tag of Big Brother in the world. Get free stock market tips newsletter in your email by filling the email in subscription inbox provided under this article. Share the same as it has a hilarious element and can take off the stress off your friends.