Iran Warns Oil Could Hit $200 per Barrel as Hormuz Threat Escalates ...Middle East

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Iran Warns Oil Could Hit $200 per Barrel as Hormuz Threat Escalates
source : OILPRICE ( Middle East ) () 32
Oil markets are bracing for an even bigger potential price shock with Iran on Wednesday warning that crude could surge to $200 per barrel if the war involving the U.S. and Israel continues to destabilize the Middle East’s energy corridors. Ebrahim Zolfaqari, spokesperson for Iran’s Khatam al-Anbiya military command headquarters, warned the world to “get ready for oil to be $200 a barrel,” arguing that regional security has been destabilized by the ongoing bombing campaign against Iran.   The $200 oil price tag…

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