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Iran says oil will reach $200 a barrel, warns of 'continuous strikes'

DUBAI- Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday.

March 11, 2026

Reuters Dubai Newsroom

Iran says oil will reach $200 a barrel, warns of 'continuous strikes'

FILE PHOTO: Fire and smoke rise in the Fujairah oil industry zone, caused by debris after interception of a drone by air defenses, according to the Fujairah media office, amid the U.S.-Israel conflict with Iran, in Fujairah, United Arab Emirates, March 4, 2026.

Amr Alfiky/Reuters

DUBAI- Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday.


"We won't allow even one litre of oil to reach the U.S., Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said.


"Get ready for the oil barrel to be at $200 because the oil price depends on the regional security which you have destabilised," he added.


-Reporting by Dubai Newsroom

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