An adviser to Iran’s Revolutionary Guard commander said oil prices could reach $200 a barrel “in the coming days,” according to Iranian state media.
The comment comes amid rising regional tension and renewed shipping risk in the Gulf. About a fifth of global oil trade passes through the Strait of Hormuz, according to the U.S. Energy Information Administration (EIA). Any major disruption there could tighten supply and raise transport costs.
Brent has never traded at $200. It peaked at roughly $147 a barrel in 2008, and briefly moved above $120 after Russia’s invasion of Ukraine in 2022, according to market data.
Analysts say prices would only move toward $200 if there is a large, sustained supply shock — such as a closure of Hormuz or prolonged loss of production.
