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Notes -
The skyrocketing price may infuriate China, but the Chinese won't do anything about it. More importantly, it will cause the price to skyrocket in the US, which give the Iranians leverage. Not much leverage, but the narrative could become that Trump made an unnecessary strike on Iran that he acted like was a one-off but that caused gas prices to soar and necessitated US naval intervention, escalating the war.
Things could get weird. The US (and North America as a whole) are net oil producers these days. Shutting off the gulf is such a large shock to the system you could see some pretty significant price divergence and shortages between regions as infrastructure limits could prevent fully arbitraging the difference. You could also see political impediments to price balancing as well (wouldn't put it past Trump to ban oil exports to keep US prices in check even if it's a huge blow to our allies) and most Canadian crude has to transit the US to reach the world markets. You could even see divergence in the US where West Coast is more exposed then East coast due to Jone's Act restrictions making it difficult to move oil around the Rockies.
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