Iran's military command said on Wednesday the world should be prepared for oil to hit $200 a barrel, as three more ships came under attack in the blockaded Gulf. "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 the United States. ADVERTISEMENTAfter offices of a bank in Tehran were hit overnight, Zolfaqari also said Iran would respond with attacks on banks that ​do business with the United States or Israel. People across the Middle East should stay 1,000 metres from banks, he added. Iran fired at Israel and targets across the Middle East on Wednesday, demonstrating it can still fight back ​and disrupt energy supplies despite what the Pentagon has described as the most intense U.S.-Israeli strikes yet.

Source: The Telegraph March 11, 2026 14:15 UTC