‘Not allow a single drop of oil to leave’: Iran threatens to choke Gulf oil flow, warns prices could hit $200 a barrel

Iran has issued a stark warning regarding its control over oil shipments in the Gulf, with an Islamic Revolutionary Guard Corps (IRGC) commander stating that the country will take aggressive measures to prevent any oil from leaving the region. This includes potential attacks on oil pipelines and the strategic Strait of Hormuz, a critical chokepoint for global oil transportation. The commander cautioned that such actions could lead to a dramatic surge in crude oil prices, potentially reaching as high as $200 per barrel. This announcement comes amid growing tensions in the Middle East and a volatile global energy market, further exacerbated by looming U.S. countermeasures. The implications of Iran's threats could resonate worldwide, affecting not only energy prices but also geopolitical stability in the region, underscoring the fragile balance of power in one of the world's most vital oil transit routes.