Israel has totally blocked food, water and electricity to Gaza and there's a very good chance of a humanitarian crisis. I think there's a real possibility that Gulf nations (Saudis?) will stop the flow of oil to western countries, just like 1973. Not because they care about Palestinians but mostly to avoid domestic backlash and not let Iran appear as their sole savior. This also helps Russia, especially as we approach winter.
Considering existing economic conditions and sanctions imposed on Russian, Iranian, and Venezuelan oil the impact of such an embargo will be significant. EV stocks, especially TSLA should rally. What are your thoughts?
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