Iran Warns Oil Prices Could Hit $200 Amid Strait of Hormuz Threats

Date:

Tehran, Iran – Web Desk: Iran has warned that global oil prices could surge to $200 per barrel after announcing a new offensive strategy in the ongoing Middle East conflict. Ebrahim Zulfaqari, spokesperson for Iran’s Khatam al-Anbiya Central Headquarters, stated that Iran will no longer limit itself to defensive responses but will carry out repeated, proactive attacks against its adversaries.

Zulfaqari specifically threatened that Iran would block all oil shipments through the Strait of Hormuz to the United States, Israel, and allied nations if hostilities continue. Since the outbreak of hostilities on February 28, at least 13 commercial vessels have been targeted in the Strait of Hormuz, disrupting global oil supplies and causing prices to spike.

Analysts warn that any further disruption in this critical maritime corridor, which handles a significant portion of global oil and gas trade, could have severe economic and energy market consequences worldwide. Shipping companies and international energy agencies are monitoring the situation closely and implementing precautionary measures.

admin
adminhttps://dailyeveningnews.pk
Daily Evening News is a trusted digital news platform delivering breaking news, latest updates, and in-depth coverage from Pakistan and around the world. We are committed to accurate, timely, and unbiased journalism, keeping our readers informed about politics, business, sports, technology, entertainment, and current affairs

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

FIFA President Gianni Infantino Withdraws FIFA Forward Enterprise Proposal

Infantino says the proposed initiative had become divisive and...

PM Shehbaz Orders Digital System to Improve Transparency in Pakistan’s Oil and Gas Sector

The prime minister directs OGRA to introduce a modern...

Iran Warns US Naval Blockade Could Lead to Closure of Strait of Hormuz and Other Strategic Waterways

A senior Iranian security official says continued US maritime...

Oil Tanker Damaged in Projectile Attack Near Oman

A maritime security alert says an unidentified projectile struck...