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dalton99a

(93,736 posts)
Wed Mar 11, 2026, 10:15 AM 6 hrs ago

Iran tells world to get ready for $200 a barrel

https://www.reuters.com/world/middle-east/combatants-mideast-war-trade-more-air-strikes-iran-clamps-down-dissent-2026-03-11/

Iran tells world to get ready for $200 a barrel
By Parisa Hafezi and Alexander Cornwell
March 10, 2026 10:31 PM CDT

DUBAI/TEL AVIV, March 11 (Reuters) - 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.

Iran fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back ​and disrupt energy supplies despite what the Pentagon has described as the most intense U.S.-Israeli strikes yet.

Oil prices that shot up earlier this week have eased and stock markets have rebounded, with investors betting ‌for now that U.S. President Donald Trump will find a quick way to end the war he began alongside Israel nearly two weeks ago.

But so far there has been no let-up on the ground, or any sign that ships can safely sail through the Strait of Hormuz, where a fifth of the world's oil has been blockaded behind a narrow channel along the Iranian coast in the worst disruption to energy supplies since the oil shocks of the 1970s.

"Get ready for oil to be $200 a barrel, because the oil price depends on regional security which you ​have destabilised," Ebrahim Zolfaqari, spokesperson for Iran's military command, said in comments addressed to the United States.

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Iran tells world to get ready for $200 a barrel (Original Post) dalton99a 6 hrs ago OP
Trump's press conference was another con job and people fell for it Renew Deal 5 hrs ago #1
The media bobbleheads agree 31st Street Bridge 5 hrs ago #2
Iran has been attacking ME refineries, gab13by13 5 hrs ago #3

gab13by13

(31,994 posts)
3. Iran has been attacking ME refineries,
Wed Mar 11, 2026, 10:38 AM
5 hrs ago

when it starts attacking oil export terminals, look out.

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