12 March 2026 (30 minutes ago)News | International
Iran’s military command has warned that global oil prices could surge to as high as $200 per barrel if attacks on ships in the Gulf continue.According to reports, several vessels have recently come under attack in the region, raising concerns about maritime security and energy supply routes. Iranian officials said the ongoing tensions in the Gulf could significantly disrupt oil shipments, potentially causing a sharp rise in global oil prices.The warning comes as international shipping routes near the Strait of Hormuz, one of the world’s most critical oil transit points, face increasing security risks.Source: Al Arabiya English— The World’s Update