You're a bit behind.
WWIII (the cold war) ended in the '90's.
The War On Terror is WW4.
Oil prices have already doubled in anticipation. Given the stocks that are coming online now from places like Canada (which has as much reserves in oil sands as the entire sweet light crude in the world) there's no change of oil prices doubling for quite sometime.
As for Iran, I'd give even changes that Iran will bomb first.
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