Iran warns of $200 oil as Gulf ship attacks deepen energy crisis
Mar 12, 2026
Tehran [Iran], March 12: Iran's military command said on Wednesday the world should be prepared for oil to hit $200 a barrel, as three more ships came under attack in the blockaded Gulf. Oil prices surged higher by more that five percent in early trading and markets have see-sawed since the end of last month, when the United States and Zionist entity attacked Iran, killed its supreme leader and plunged the Middle East into war.