Iran: Get ready for $200-per-barrel oil

Source: The Hill News · Bias: Center

Summary

Iran’s Islamic Revolutionary Guard Corps. (IRGC) on Wednesday warned the world to expect oil to reach $200 per barrel as the main pathway for exported oil, the Strait of Hormuz, stays closed amid the U.S.-Israeli military operation in Iran. “Get ready for oil to be $200 a barrel, because the oil price depends on regional…

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Iran: Get ready for $200-per-barrel oil
The Hill News

Iran: Get ready for $200-per-barrel oil

Center

Iran’s Islamic Revolutionary Guard Corps. (IRGC) on Wednesday warned the world to expect oil to reach $200 per barrel as the main pathway for exported oil, the Strait of Hormuz, stays closed amid the U.S.-Israeli military operation in Iran. “Get ready for oil to be $200 a barrel, because the oil price depends on regional…