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Iran's military command said the world should prepare for a big spike in oil prices. "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 remarks directed at the United States.
UPDATED: Mar 11, 2026 20:11 IST
The war stretching across the Middle East is now threatening to shake the global energy market. Iran has issued a stark warning that crude oil prices could surge to $200 per barrel as shipping lanes through one of the world’s most vital oil corridors remain under severe threat.
Iran’s military command said the world should prepare for a big spike in oil prices. "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 remarks directed at the United States.
Ebrahim Zolfaqari also warned that Iran will shift from limited "reciprocal strikes" to continuous relentless attacks against Israel and the US.
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Published By:
Satyam Singh
Published On:
Mar 11, 2026 20:11 IST
