The apparent attack on two tankers in the Gulf of Oman on Thursday represents a dramatic escalation in regional and international tensions. Coming just one month and one day after an attack on four other oil tankers in the same area, oil prices have spiked upward in fear of what might happen next.

What’s going on here? Blame Iran.

The United Arab Emirates and Saudis might want a United States showdown with Iran but they would not risk jeopardizing the U.S. relationship by conducting a false flag attack. Moreover, the damage to the two tankers in this latest incident is suggestive of a torpedo attack: video shows at least one of the tankers on fire with waterline damage amidships. Iran has an array of means for such an attack, including attack submarines of various sizes, disguised fishing and passenger…