Iran says strikes could push oil above $200 a barrel
Mar 9th 2026
An IRGC spokesperson warned that escalating US and Israeli strikes on Iranian energy infrastructure could spark a dramatic oil price surge, potentially above $200 per barrel, after recent attacks near Tehran and rising market volatility.
- IRGC spokesperson Ebrahim Zulfikari warned on state TV that continued US and Israeli strikes could drive oil past $200 a barrel.
- Zulfikari urged Islamic countries to pressure Washington and Tel Aviv to stop attacks on Iranian infrastructure.
- Recent US and Israeli strikes reportedly hit oil depots in and around Tehran, prompting threats of broader retaliation.
- An Iranian official said targets might expand to include US-linked facilities, not just military sites.
- Oil markets reacted with volatility, with Brent crude rising to around $119 a barrel amid fears of wider supply disruption.