See this?
Iran worries spark fears of $200-a-barrel oil
AhmedeNijad knows what I mean -
Iranian President Rejects U.S. Allegations on Nuclear Weapons
When last to last year the crude went up $125, China's growth rate came down by 20%. India's growth rate came down by 15%.
China's super growth rate makes it highly vulnerable to a crash lead by such external, artificial factors. China and India are the countries that are relied on to keep the world economy running in positive figures somehow. Neither of these countries has any sort of monopoly on oil, which is the fuel for growth, unlike the US or Russia or OPEC.
When oil goes up, these two economies will come down, creating a domino effect and taking everyone down with them. Especially China because of its size.