The Iranian military has issued a stark warning that oil prices could soar to $200 per barrel if tensions in the Strait of Hormuz continue and attacks on shipping vessels persist.
Brig. Gen. Ebrahim Zolfaghari, spokesperson for the Khatam al-Anbiya Headquarters in Tehran, said that Iran would shift from reciprocal retaliation to continuous strikes against its adversaries. He emphasized that the United States would not be able to control global oil prices.
“Not a single liter of oil will reach America, Israel, or their allies,” Zolfaghari said, warning that any vessel attempting to deliver oil to these countries would be a legitimate target.
He added, “Prepare for oil prices to hit $200 per barrel, because oil prices depend on regional security, which you have destabilized.”
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According to Reuters and maritime security sources, three vessels were struck by unidentified projectiles in the strait on Wednesday alone. This brings the total number of ships attacked since the start of the US-Israel campaign on Iran on February 28 to at least 14 vessels.
The conflict has nearly halted shipping through the Strait of Hormuz, disrupting roughly 20% of global oil supply and driving prices to levels not seen since 2022.
The Islamic Revolutionary Guard Corps warned that any ship attempting to transit the strait could be targeted, while Donald Trump threatened to intensify US strikes against Iran if Tehran continues to obstruct maritime traffic.
Analysts warn that prolonged disruption in the Strait of Hormuz, a key artery for global oil exports, could send crude prices soaring, with wide-ranging consequences for energy markets and the global economy.
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