Iran has warned that global oil prices could surge to $200 per barrel as tensions escalate in the Persian Gulf, following a series of attacks on merchant vessels and the effective shutdown of shipping through the Strait of Hormuz, one of the world’s most critical energy chokepoints. The warning came as Iranian forces targeted multiple […]
Tensions in the Middle East escalated on Tuesday after Iran warned it would maintain a blockade on regional oil exports until attacks by the United States and Israel stop, prompting U.S. President Donald Trump to threaten significantly stronger military action if energy shipments are disrupted. Iran’s Islamic Revolutionary Guard Corps (IRGC) said it would not […]
Iran could potentially disrupt shipping through the strategically vital Strait of Hormuz for months using waves of drone attacks, according to military analysts and intelligence officials, raising fears of prolonged instability in global energy markets. The warning comes as tensions escalate across the Middle East following recent strikes by the United States and Israel on […]