It would require enormous resources to combat pirates. I'd look at the comment above about whales & efficiency as a better explanation than I can provide. Pirac

It would require enormous resources to combat pirates. I'd look at the comment above about whales & efficiency as a better explanation than I can provide. Piracy would be more like terrorism than a traditional war. Extremely asymmetric costs & predictability. As for oil prices, the Iraqi war did disrupt Iraqi oil production for about a year. In 2004, oil production reached pre-war levels and has been growing steadily since. https://www.ceicdata.com/en/indicator/iraq/crude-oil-production https://www.ceicdata.com/en/indicator/iraq/crude-oil-product...