1 hour ago
Last Updated:March 12, 2026, 13:37 IST
This comes as the Energy Agency (IEA) recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s
Tankers sail in the Gulf, near the Strait of Hormuz. (Image: Reuters)
Iran on Thursday issued a warning that the world should be ready for oil at USD 200 per barrel, as it ramped up attacks on merchant ships in the Strait of Hormuz.
This comes as the Energy Agency (IEA) recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.
First Published:
March 12, 2026, 13:28 IST
News world 'Get Ready For $200 Per Barrel': Iran's Oil Warning Amid Hormuz Offensive
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