High oil prices currently benefits Russia ( Hormuz Shock Sends China and India Racing for Russian Crude - https://oilprice.com/Energy/Crude-Oil/Hormuz-Shock-Sends-Chi..., and thus gives them an incentive (in the short-term) to distance themselves from the Iranian conflict. It also benefits America, as gas prices have increased due to low supply and logistics issues ( https://oilprice.com/Latest-Energy-News/World-News/Europes-G... ), and the US now meets 50-60% of Europe's gas energy requirements (after Russian gas was mostly banned there). So Europe will now be partially funding the Iran war as they have no alternate sources (except turning to Russia, which is currently unlikely). Thus, Europe will have no choice but to support the war against Iran too. Iran of course, has a huge gas reserve that Europe has desired to pipe to itself, which is why the Trump administration is bombing Iran. It hopes to control Iran's energy supply (as it now partially does Venezuela's) and sell that to Europe (so that Europe is forced to depend on the US and never attempts to build an economic relation with Russia, which could translate to a more independent Europe).

Note that one of the stated goals of the Republican Party and the Trump administration is - Make America the dominant energy producer in the world, by far! and - Keep the US dollar as the world's reserve currency ( https://www.presidency.ucsb.edu/documents/2024-republican-pa... ). Both are linked - the only way the dollar can remain the reserve currency of the world is if the US control oil and gas production (petro-dollars).

Iranians, in effect, are sadly doomed as victims of modern imperialism (and even face a possible genocide from the current genocidal regime of Israel, as they are unlikely to surrender without a fight). It all depends on how much destiny / luck will favour them. If the other Middle-East countries get really jittery, they will pressure the US to end the war. Or, better yet, Iran may still get to retain some of their sovereignty if they can effectively and successfully block the Strait of Hormuz - China will then be forced to get involved in the war, siding with Iran, as blocking of the Strait could mean the death knell for its economy (40-50% of China's and India's oil and gas is mported through it). If China gets involved, the Russian too would be willing to get involved in the military conflict. India would also be forced to choose a side. We would then see either Word War 3, or Iran falling into the Spheres of Influence of China and / or Russia.

Kuwait Shuts Production, Qatar Warns Oil Could Hit $150 in Weeks