New Delhi, Feb. 28 -- The world is preparing for a potential U.S. strike on Iran over attempts to denuclearize the country, despite talks between the two countries that are expected to continue in Geneva next week.

Most mainstream analysts think a direct hit on Iran's oil export infrastructure is unlikely, because it would risk a sharp price spike, higher gasoline prices, and wider regional blowback. But oil markets are pricing in about $5-10 of risk premium that there might be oil supply disruption in the region.

Despite years of sanctions, Iran pumps roughly 3.3 million to 3.5 million barrels a day, about 3% of the world supply, and controls the flow of one-fifth of the global oil markets through the Strait of Hormuz.

Here's what cou...