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News in English (USA) / 12.03.2026 / 05:00

Iran Threatens to Block Oil Exports Amid Rising Tensions, Predicts $200 a Barrel

In a series of bold statements, Iran has warned the world to prepare for oil prices reaching $200 a barrel due to escalating military tensions in the region. Iranian officials have asserted that not a single liter of oil will pass through the Strait of Hormuz until attacks on its infrastructure cease. The Iranian Revolutionary Guard Corps (IRGC) has heightened its rhetoric, threatening to halt all oil exports as long as the conflict continues, which has raised significant economic concerns globally. These threats come as the United States is poised to release emergency petroleum reserves amid fears of disruption in oil supplies. The situation remains tense as Iran vows to respond assertively to what it perceives as hostile actions from the U.S. and Israel.
Reuters, Al Jazeera, Foreign Policy, The Times of Israel, Fox Business, The Hill, Forbes, i24NEWS, WSJ, qz.com