Iran Warns of $200 Oil Prices Amid Rising Tensions

Iran has issued a warning that crude oil prices may rise to $200 per barrel amid escalating tensions in the Middle East. Ebrahim Zolfaqari, the head of the Khatam al-Anbiya Military Command, stated that Iran will retaliate against any attacks on its interests, particularly targeting vessels transporting oil for the United States and its ally, Israel.

Zolfaqari emphasized that any oil tanker associated with the U.S. or Israel would be considered a legitimate target. This warning comes in the context of ongoing conflicts and attacks in the region, which have raised concerns about the stability of global energy supplies.

The potential spike in oil prices is being closely monitored by global markets, as the situation in the Gulf and the security of shipping routes remain precarious.