The parallels to the 1971-1974 Nixon Shock, Yom Kippur War, Petro Dollar, OAPEC Embargo chain of events and the chain of events that led to the bombing of Iran in Feb. of 2026 is quite striking.
The “point” of that 1971 to 1974 chain of events was conversion of the $35 per ounce of gold to the petrodollar system.
This 2023-? war has a fairly clear transition planned from the petrodollar to the LNG-petro-piracy dollar. (I place the 2023 date as the start point because that was the October 7, 2023 Hamas attack on Israel. We could easily go back to the 2014 Maidan in Ukraine, or the Israel behested payments by Qatar to Hamas to enable the Oct. 7, 2023 attacks).
I think the energy shock, as you have described its preconditions, is baked into the cake. Those who are ensuring this war is waged have known that from the outset.
Our rivals are not totally our rivals and are not capable of striking back against us - just as the Soviet Union was prevented from flying to the rescue of the Arabs in their war against the U.S. and Israel in 1973-1974.
The ability to execute industrial commodity trades and escape the U.S.'s piracy extortion racket is a victory condition for those nations hoping to escape the dollar system.
Collapse of the U.S., in a way that does not destroy its rivals, is a complicated matter for those rivals.
There will be famine, there will be energy shortages - I think figuring out the political, economic, and strategic factors shaping where those distasteful outcomes arrive is the tricky bit now.
In fact, perhaps China prefers the US dollar as the commodity exchange hegemon. Perhaps Triffins Dilemma for the U.S. is part of China’s long term strategy to exert control via soft power, productive new work, and a facade of peaceful economic cooperation with those accepting the terms of China’s debt traps. The Chinese leadership of the past 20 years has repeatedly written about things like using the Internation Monetary Fund as a central bank of all central banks, globally, to issue “reserves” (likely pegged to ratios negotiated by a small set of bankers and political leaders that cannot be easily unseated) to keep the hoax of “equilibrium” alive and ensure an inescapable matrix of global totalitation control.