$200 Oil Coming? Iran Issues Dire Warning To U.S Allies As War Pushes Global Crude Above $100

Global oil prices have surged past $100 per barrel for the first time in over three years as tensions between Iran, Israel, and the United States escalate. Brent crude jumped close to $108 while U.S. benchmark WTI crossed $106, sending shockwaves through global energy markets and raising fears of a prolonged economic crisis. Iran’s military spokesperson has issued a stark wa ing, saying oil could skyrocket to $200 per barrel if the conflict continues to escalate. With the Strait of Hormuz — a route carrying nearly 20% of the world’s oil supply — facing security disruptions, analysts wa the growing Middle East conflict could trigger a major global energy shock.