Iran Warns of Potential Oil Price Spike Reaching $200

March 12, 2026 • Google News World

Multiple ships have been targeted in the Persian Gulf over the past two days, with reports of Iranian drone boats and sea mines. The attacks have resulted in oil prices rising above $100.

According to recent reports, six vessels have been attacked in just two days, with some experiencing damage or fires on board. Additionally, three more ships have been struck, with no further details available at this time.

Iran has issued a warning that oil prices could reach $200 due to the ongoing attacks on ships in the region. The country’s actions are seen as an attempt to disrupt global oil supplies and impact market prices.

The situation is being closely monitored by international authorities, who are working to determine the cause of the attacks and prevent further incidents.

Source: Google News World