Iran warns world of US$200 oil as countries reach for emergency reserves

Iran said the world should be ready for oil at US$200 a barrel as its forces hit merchant ships ⁠on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s. The war unleashed with joint US and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into Lebanon and thrown global energy markets and transport into chaos. Despite what...


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