Iran says oil will reach $200 a barrel, warns of ‘continuous strikes’

Iran has warned that global oil prices could surge to $200 per barrel as tensions escalate in the Middle East. A spokesperson for Iran’s Khatam al-Anbiya Central Headquarters said Tehran will shift from retaliatory attacks to a strategy of “continuous strikes” against its adversaries amid the ongoing conflict.

The Iranian military also warned that it would not allow oil shipments to reach the United States, Israel or their allies if hostilities continue. Officials said any vessel or tanker transporting oil to those destinations could be considered a legitimate target, raising fears of major disruptions to global energy supply routes.

Energy analysts say such threats could significantly impact global markets, as escalating conflict around key shipping lanes like the Strait of Hormuz may disrupt oil exports and drive prices sharply higher if tensions persist