US EditionIran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
Iran's military warns oil could hit $200 a barrel due to regional security risks amid Gulf shipping attacks, while the International Energy Agency plans a historic release of 400 million barrels.
- Iran's military command spokesperson Ebrahim Zolfaqari warned Wednesday, according to Reuters, to 'Get ready for oil to be $200 a barrel' after three more ships were hit in the Persian Gulf.
- The war that began on Feb. 28, 2026 has hindered production and shipping, with a March 7 oil depot fire in Tehran and strikes on vessels including a Thai-flagged cargo ship.
- Markets saw crude briefly near $120 on Monday, with Brent crude futures around $90 and West Texas Intermediate just under $86, while the International Energy Agency agreed to release 400 million barrels and G7 energy ministers backed strategic reserves use.
- Iran warned it will bar oil shipments through the Strait of Hormuz until U.S. and Israel stop bombing and said no oil will reach them, while analysts say $200 oil could push U.S. gas prices above $5 a gallon from $3.57.
- Around the globe, roughly 20% of oil flows pass through the Strait of Hormuz, and G-7 heads will discuss stockpile releases as prices have risen at least 50% since the war started.
92 Articles
92 Articles
How Escalating War In Iran Could Push Oil Prices Toward $200
Three additional ships were struck in the Persian Gulf overnight as attacks on commercial vessels intensified near the Strait of Hormuz, reported by CNBC. According to the United Kingdom Maritime Trade Operations (UKMTO) center, a container ship was hit by an unidentified projectile about 35 nautical miles north of Jebel Ali in the United Arab Emirates. The strike sparked a small fire on board, though all crew members were reported safe. Three m…
WAR ON GLOBAL TRADE: Iran Hits Major International Airports, Oil Refineries, and Commercial Ships — Regime Threatens $200 Oil as Gulf Conflict Explodes | The Gateway Pundit | by Jim Hᴏft
The Middle East conflict spiraled into a direct threat against the global economy this week after Iran launched attacks targeting major international infrastructure and commercial shipping lanes, while warning the world to brace for $200-per-barrel oil if the war continues.
HPCL, other OMC stocks tumble 4% as oil surges back above $100; Iran warns prices can hit $200
Oil marketing company shares tumbled as crude prices surged past $100 per barrel following Iran's attacks on Middle Eastern oil tankers. Iran warned of prices potentially reaching $200, escalating regional tensions and impacting global supply routes. This volatility is expected to pressure OMCs' margins and cash flows.
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