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Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships - REUTERS

MARCH 12, 2026

Summary

  • Trump: "We got to finish the job."
  • Three ships hit in the Gulf
  • US network says FBI warns of potential drone strikes against US
  • Trump says not worried that Iran might launch strikes
  • IEA proposes biggest-ever release of strategic oil reserves

DUBAI/TEL AVIV/WASHINGTON, March 11 (Reuters) - Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.

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