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America's Shocking Statement on Crude Oil Prices: Will It Hit $200?
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US Dismisses $200 Oil Price Amid Mideast Tensions; Iran Warns of Spike
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News18
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13-03-2026, 18:47
US Dismisses $200 Oil Price Amid Mideast Tensions; Iran Warns of Spike
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US Energy Secretary Chris Wright states $200/barrel oil unlikely despite Mideast tensions, focusing on regional stability.
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Iran's Ibrahim Zolfaghari warns oil could hit $200/barrel if Middle East security further deteriorates.
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Global oil prices already rose 6% to $100/barrel due to tensions, sparking concerns over transport security.
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IEA nations to release 400 million barrels from reserves (40% from US) to stabilize markets and ensure supply.
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Middle East conflicts caused a 10 million barrels/day reduction, marking the largest global supply disruption.
Read Full Article on News18 in Telugu
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