Iran Predicts Oil Prices to Reach $200 Per Barrel Amid Warnings of Strikes

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Iran has announced that it expects oil prices to reach $200 per barrel, warning of “continuous strikes” on its merchant ships. The country’s energy minister made the statement during a press conference.

According to reports, Iran has been targeting merchant ships in the Strait of Hormuz, a critical waterway for global oil supplies. The Iranian government has claimed that these vessels are legitimate targets and have threatened to disrupt oil exports if strikes continue.

The US and Israel have also been targeted by Iranian attacks on their tankers. In response, Iran has warned that it will deprive these countries of all its oil supplies unless strikes on its infrastructure cease.

Iran’s energy minister stated that the country is prepared to take action to protect its interests, including disrupting global oil supplies if necessary. The warning comes as tensions between Iran and the international community continue to escalate.

The price of oil has been a major concern for many countries, particularly those reliant on imports. A rise in prices could have significant economic implications for these nations.

Source: Google News World