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If there is a conflict in the Middle East

Why does the stock price drop? According to Mr. Jim Cramer,
the reason is crude oil, as producing countries including Saudi reduce output due to hostility towards Israel, causing economic inflation.
It seems to cause damage.
But now the situation is significantly different from the past.
In the past, Saudi Arabia was the world's largest producer, but now it is America. The biggest difference is Saudi Arabia's position, which has a good relationship with Israel, but a bad one with Iran. Saudi Arabia has declared an increase in production this time, China is buying from Russia, and supply is not tight.
Therefore, prices are not likely to soar. Institutions understand this, but individuals may sell, so prices may drop today, but are expected to quickly rebound.
Therefore, prices are not likely to rise.
Institutions understand this situation, but individuals may sell, so prices may drop today, but are expected to quickly rebound.
I am hopeful for a quick turnaround.
The above is my personal optimistic speculation.
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