Iran

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After oil sanctions are imposed on Iran in February 2012, Iran move to block the Straight of Hormuz.
Retalliation is decisive, with the USA, UK & France engaging in a full scale land invasion and sustained bombing. Iran attack Israel in retaliation, bringing them into the fight. China and Russia are not directly involved yet - but they're waiting on the sidelines, possibily looking for the right time to make their move.

Oil prices skyrocket, inflating fuel prices astronomically. Food prices also increase by ridiculous amount.

You can't afford to get to travel due to the cost of fuel. Even if you could afford it, there's only 1 out of 5 fuel stations that have any, and their reserves are primarily saved for emergency services.

Unrest is growing here in the UK, no rioting as of yet, but things are brewing.

Please discuss your opinions of how things will pan out, and the actions you will take to ensure that you and yours get through this difficult period safely.