A serious shooting war in the ME would cut supplies worldwide, as no-one would insure the tankers, or send ’em in, apart from cowboys….the Straights of Hormuz are at their narrowest only 21 miles wide, 30 % of the worlds Nat Gas and 25 % of it’s crude passes daily……
https://en.wikipedia.org/wiki/Strait_of_Hormuz
Iran could make it impassable very easily and only a land invasion could really stop it.