Oil at $200: Iran warns of $200 oil: Iran’s military command says global oil prices could surge to $200 per barrel if the war continues and energy routes remain disrupted. Strait of Hormuz under threat: Iranian forces claim to have mined the Strait of Hormuz, the vital maritime corridor carrying nearly 20% of global oil … Continue reading Oil at $200? Iran’s Strait of Hormuz Gamble Could Shake the Global Economy