Iran warns oil could hit $200 as Strait of Hormuz tensions intensify

GLOBAL oil markets are on edge after Iran warned Wednesday that crude prices could spike to $200 per barrel if ongoing conflict involving the U.S. and Israel continues to destabilise Middle East energy corridors. Spokesperson for Iran’s Khatam al-Anbiya military command headquarters, Ebrahim Zolfaqari, said the world should “get ready for oil to be $200 […]