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Iran Threatens Oil Disruption Amid Escalating Regional Conflict

3/11/2026

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Story summary
  • Iran's military command announced it would pursue continuous strikes against adversaries, signaling a broader escalation.
  • Oil prices could reach $200 per barrel due to regional instability.
  • Spokesperson Ebrahim Zolfaqari said no oil would reach the United States or Israel, and vessels bound for them would be targeted.
  • The conflict has increased attacks on ships in the Gulf, with three additional incidents reported.
  • Gas prices in the United States are rising as the conflict escalates.