Iran Urges The World To Be Prepared As Oil Would Touch $200 A Barrel.

Tehran; March 2026: Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on 11th March, and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the ​1970s. The war unleashed with joint U.S. and Israeli air strikes nearly two weeks ago has so far killed around 2,000 people, mostly Iranians and Lebanese, as it has spread into Lebanon and thrown global energy markets and transport ‌into chaos.

Despite what the Pentagon has described as the most intense airstrikes since the start of the war, Iran also fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back. Today, 03 vessels were reported to have been hit in Gulf waters as Iran’s Revolutionary Guards said their forces had fired on ships in the Gulf that had disobeyed their orders.

On the otherside, U.S. President Donald Trump suggested the campaign would not last much longer, as there was “practically nothing left” to target in Iran. “Any time I want it to end, it will end”, he said in a ​telephone interview.

Oil prices, which shot up earlier in the week to nearly $120 a barrel before settling back to around $90, rose more than 04% on 11th March 2026 amid renewed fears about supply disruption, while Wall Street’s main share indexes fell in morning trade. Previously, stock ​markets had rebounded as investors bet on Trump finding a quick exit. But other signs pointed to a continuation of fighting which has seen ports and cities in the Gulf states as ⁠well as targets in Israel hit by drone and missile barrages from Iran, adding urgency to calls from Turkey and Europe to end the fighting.

An Israeli military official said the military still had an extensive list of targets to hit in Iran, including ballistic missile ​and nuclear-related sites.

So far there has been no sign that ships can safely sail through the Strait of Hormuz, the now blockaded channel along the Iranian coast that serves as a conduit for around a fifth of the world’s oil.

Trump said on Wednesday (11th March) that ships “should” ​transit through the Strait but sources said Iran had deployed about a dozen mines in the channel, further complicating the blockade.

The U.S. military told Iranians to stay clear of ports with Iranian navy facilities, drawing a warning from Iran’s military that if the ports were threatened, economic and trade centers in the region would be “legitimate targets”. With prices at the pumps already surging in some countries and Trump’s Republican Party trailing badly in the polls ahead of midterm elections, oil prices have become an increasingly urgent element in the calculations behind the war.

The International Energy Agency, made up of major oil ​consuming nations, recommended releasing 400 million barrels from global strategic reserves to stabilise prices, the biggest such intervention in history, which was swiftly endorsed by Washington. But the rate at which countries can release strategic reserves will vary and the amount released would account for ​just a fraction of the supply through the Hormuz Strait.

Iranian officials made clear on Wednesday they intended to impose a prolonged economic shock as the war continues. “Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilised”, Ebrahim ‌Zolfaqari, spokesperson for ⁠Iran’s military command, said in comments addressed to Washington.

After offices of a bank in Tehran were hit overnight, Zolfaqari said Iran would respond with attacks on banks that do business with the U.S. or Israel. People across the Middle East should stay 1,000 metres from banks, he added.

At sea, a Thai-flagged bulk carrier was set ablaze, forcing the evacuation of crew, with 03 people reported missing and believed trapped in the engine room. 02 other ships, a Japanese-flagged container ship and a Marshall Islands-flagged bulk carrier, were also reported to have sustained damage from projectiles, bringing the number of merchant ships that have been hit since the war began to reach its 14th day.

Energy Prices have catapulted to never before levels after Israel-US started attacking Iran on 28th February.

Team Maverick.