Krauthammer Threatens

Here's a passage to make you stop in your tracks:

Everything is going to have a price. It is true that if we cut off Iran’s economy entirely or if we impose, as the Europeans, or some of the Europeans, are suggesting, an embargo on Iranian oil you might get an increase in the oil price. But think how the cost will pale compared to the cost of what is inevitably going to happen if nothing is done, which is an Israeli airstrike, which would cause the outbreak of a regional war, which could cause the closing of the Straits of Hormuz, which would cause a doubling of [oil] prices.

Does Krauthammer know something we don't? Or is this some kind of blackmail message?