Iran warns oil could hit $200, threatens tankers bound for US and allies

Iran has warned that international oil prices could surge to $200 per barrel amid escalating security instability in the Middle East, Walter Bloomberg reported. Ebrahim Zolfaqari, a spokesperson for Iran's Khatam al-Anbiya Central Headquarters, a joint military command, stated that Iran would shift from retaliatory responses to a strategy of sustained attacks against hostile forces. He claimed the U.S. would no longer be able to control oil prices. Zolfaqari also warned that Iran would not permit oil shipments to the U.S., Israel, and their allies, adding that all ships and tankers heading to these destinations could be targeted.