TACO Or Regime-Change In Iran? Goldman's One-Delta Desk-Head Warns 'Other More Pertinent Issues Not Going Away'

As something close to the worst case scenario has begun to manifest in energy markets - sending oil prices up 25-30% overnight - Asian equity markets puked (and China CPI came in hot).

As Goldman's One-Delta desk-head, Rich Privorotsky notes this morning, shut ins across the Gulf from Kuwait, Iran and Qatar are now manifesting  a sizeable disruption... on a scale that eclipses most historical outages including major wars or the 1973 embargo.