When that oil is delivered and refined, we're going to be facing shortages and the price at the pump will skyrocket.

These price hikes are just a response to the prospect of what is to come.

Now that some regions have received shipments that passed the straight before it closed and they're on a clock with a defined, limited supply, we're going to start seeing price hikes sparked by actual shortages.

This has to be an intentional international economic nuke because nobody is this stupid and oblivious. Nobody.