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Get ready for oil to hit $200 a barrel: Iran
short by Udit Gupta / on Wednesday, 11 March, 2026
Iran's military command said on Wednesday that the world should be prepared for oil to hit $200 a barrel amid the war. It said not a single litre of oil would pass through the Strait of Hormuz if it benefits the US, Israel or their allies, adding that any tanker bound for them would be considered a "legitimate target".
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