Moneycontrol
    Moneycontrol PRO
    Swing Trading 101
    Swing Trading 101

    Iran says will hit all West Asian economic hubs if US-Israeli attacks persist: 'Oil will soon reach $200'

    We have closed the Strait of Hormuz. Currently, the price of oil is above $80 and will soon reach $200, Islamic Revolutionary Guard general said

    Reuters
    March 03, 2026 / 21:53 IST
    Brent crude on March 3 climbed above $85 for the first time since July 2024

    An Islamic Revolutionary Guard general warned Tuesday that continued US-Israeli attacks would see Iran conduct reprisals against "all economic centres" in the Middle East.

    "We are saying to the enemy that if it decides to hit our main centres, we will hit all economic centres in the region," said Ebrahim Jabbari.

    "We have closed the Strait of Hormuz. Currently, the price of oil is above $80 and will soon reach $200," he was quoted as saying by Iranian news agency ISNA, as Brent crude climbed above $85 for the first time since July 2024.

    Reuters
    first published: Mar 3, 2026 09:53 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347