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Iran oil threat

  • Business

‘$200 Per Barrel’: Iran Vows to Block US-Bound Oil Through Strait of Hormuz

Daniel Otera1 month ago010 mins

  Tehran’s military command has issued one of its starkest warnings since the outbreak of the US-Israeli war on Iran, declaring that it will block all oil shipments through the Strait of Hormuz destined for the United States, Israel and their allies, and warning that crude prices could climb to $200 per barrel. The declaration,…

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Recent Posts

  • Dangote Refinery Receives 1bn Litres of Crude from NNPC 
  • CBN Issues Urgent Alert Over Surge in Cyber Fraud
  • Poor Infrastructure Drives Africa’s Trade Costs to 30% – Report
  • Contact Tracing Begins in Cross River COVID Outbreak
  • Electricity Accidents Claim 109 Lives Nationwide in 2025

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