Iran threatens oil supply, predicts $200 per barrel

Iran’s Islamic Revolutionary Guard Corps (IRGC) stated it will block all oil shipments through the Strait of Hormuz, targeting vessels linked to the U.S. and Israel. The IRGC spokesperson warned of oil prices reaching $200 per barrel, emphasizing that regional security is crucial for pricing. This escalation is likely to impact global energy markets significantly. ⚡

Not investment advice. For informational purposes only.