Inviting new perspective on this oil play due to the Iran situation. Thoughts?

I haven’t had the time to post my California Resources Corp analysis. But given the current situation, i thought i’d share some findings and thoughts: Iranian supreme leader ali khamenei and family has been assassinated by the US and Israel. Because of this, the straits of Hormuz is now officially experiencing a de facto closure and up to 20% of global oil supply is choked**:**

HOWEVER, California Resources Corp (NYSE: CRC) will profit immensely from the current situation in two ways:

* **Price Escalators:** Most of their existing contracts are tied to **Brent or Alaska North Slope (ANS) pricing**. As the Hormuz crisis drives global prices up, the revenue CRC receives from its *current* clients increases automatically.
* **Increased Domestic Leverage:** With foreign imports blocked, California refiners are now entirely dependent on local crude and whatever can be shipped from Alaska. This gives CRC massive negotiating power when current contracts come up for renewal.
* **MASSIVE Proved developed reserves ready to release:** Since CRC has a massive volume of **Proved Developed** reserves compared to any of its competitors (meaning the wells are already drilled and the infrastructure is built), they don't have to spend massive amounts of "new" money to keep making a profit. California refineries (like those owned by Marathon, Valero, and P66) are configured for specific types of oil. Previously, they imported roughly **50% of their oil from overseas**. With the Strait of Hormuz closed, those refiners are panicking. They cannot easily get oil from Texas (due to the lack of pipelines). This turns CRC’s reserves into the "only game in town." CRC isn't just benefiting from the global Brent price increase; they are benefiting from a **localized shortage** that could drive California crude prices even higher than global benchmarks.

I don’t like timing plays, but this situation is too favourable to not make a move. A big one. Anyone has got a different perspective?