If oil prices remain at a sustained high due to a war with Iran, it would mean a higher cost of living for most Americans, but it could help certain regions and populations within the US, such as oil-producing states like Texas and Oklahoma.
A reason the left is good as what it does: it thinks big and thinks long term. Conservatives and libertarians, meanwhile, like to give up immediately if something seems like it might take a while, or if other people don't embrace their ideas instantly.
Any time officials use “controls,” you know the policy is going to be a failure. Whether it is preceded by “price” or “rent,” this economically defiant measure produces destitution, deterioration, and destruction.