Iran warns oil could hit $200 per barrel as US, IEA release emergency reserves
Patrick De Haan, GasBuddy’s head of petroleum analysis, says a rise in gas prices from a potential Iranian shutdown of the Strait of Hormuz ‘would not last long.’ Iran warned the United States Wednesday that oil prices could soar to $200 a barrel as escalating U.S. and Israeli strikes against the country continue to rattle…
