Iran Warns of Potential $200 per Barrel Oil Prices as It Attacks Merchant Ships
By Jacki Thrapp
Published on March 11, 2026.
Iranian Revolutionary Guards have attacked three commercial vessels near the Strait of Hormuz, warning that oil prices may double due to the threat of regional instability. The military action has significantly impacted the oil and gas industry. The country's spokesperson for the Revolutionary Council stated that the oil price depends on regional security.
Related Articles
Existing-home sales exceed Goldman Sachs’ expectations
Existing-home sales rose unexpectedly in February, despite a seasonally adjusted median price drop, reflecting improving housing affordability and increased inventory.
The DOL Enforcement Priorities for 2026
The Department of Labor's 2026 enforcement priorities focus on cybersecurity, fiduciary hygiene, and plan distribution, aiming to reduce class action litigation and improve employee benefit plans.
Sherrill Proposes Record Education Funding In NJ, Along With Consolidation
US Education Secretary Sherrill proposes significant school consolidation and shared services to address funding challenges and maintain classroom resource allocation and maintain local education systems.