The global energy landscape is experiencing significant volatility due to the US-Israeli strikes against Iran, which have escalated into a broader conflict. The Iranian Revolutionary Guard Corps (IRGC) is employing a strategy of 'energy blackmail' to pressure the US and Israel, threatening oil prices to reach $200 per barrel. This disruption aims to create political pressure in Western nations by targeting maritime trade and influencing energy markets. Historical oil price shocks are referenced, with current prices already rising sharply. The International Energy Agency's efforts to stabilize the market are hindered by ongoing Iranian strikes, leading to fears of a potential recession if prices continue to rise.