Iran has issued a warning that global oil prices could jump to $200 per barrel if the conflict involving the United States and Israel escalates further.
Iranian officials said the country might move from limited retaliation to continuous strikes, which could disrupt energy markets and major shipping routes.
Authorities also indicated that oil supplies bound for the US, Israel, and their allies could be blocked, and vessels carrying these shipments might face risks. The warning has raised concerns among traders and governments about possible disruptions in oil supply.
Currently, crude oil prices have eased closer to $90 per barrel after recent fluctuations. However, analysts say the situation in the Middle East could push prices higher if attacks or blockages occur.
Experts note that even limited conflict in the region often leads to market instability, as countries dependent on oil imports watch for supply disruptions.
The warning reflects growing tensions in the Middle East, which could affect energy costs worldwide.
