Iran’s Islamic Revolutionary Guard Corps (IRGC) issued a warning on Wednesday, stating that the world should prepare for a steep increase in oil prices, with a possible spike up to $200 per barrel. This comes as the main pathway for exported oil, the Strait of Hormuz, remains closed due to the ongoing military operation by the United States and Israel in Iran.
The IRGC, which is a branch of the Iranian Armed Forces, has been closely monitoring the situation in the region and has now issued a strong warning to the global community. The closure of the Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, has severely impacted the export of oil from Iran, one of the world’s largest oil producers.
In a statement, the IRGC said, “Get ready for oil to be $200 a barrel, because the oil price depends on regional stability and security. With the Strait of Hormuz closed, there is no doubt that the price of oil will skyrocket.” The IRGC also warned that if the U.S. and Israel continue their military operation in Iran, the situation will only worsen and have a significant impact on the global economy.
The IRGC’s warning comes at a time when tensions between the U.S. and Iran are at an all-time high. The U.S. has accused Iran of attacking two oil tankers in the Gulf of Oman, a claim which Iran has vehemently denied. The U.S. has also imposed tough economic sanctions on Iran, further exacerbating the already strained relationship between the two nations.
The closure of the Strait of Hormuz has also raised concerns among other oil-producing countries in the region. The strait is a crucial route for oil tankers, with an estimated 20% of the world’s oil passing through it. Any disruption in this route will have a significant impact on the global oil supply and prices.
The U.S. and Israel’s military operation in Iran has not only affected the oil market but has also raised concerns about the safety and security of the region. The IRGC has warned that the ongoing operation could lead to a full-blown war, which will have catastrophic consequences for the entire world.
Despite the IRGC’s warning, the U.S. and Israel have continued their military operation in Iran, claiming it to be a necessary measure for maintaining regional security. However, the IRGC has accused the U.S. and Israel of deliberately provoking Iran and creating an atmosphere of fear and instability in the region.
The IRGC’s warning about the rise in oil prices has also been supported by other oil-producing countries, such as Saudi Arabia and the United Arab Emirates. Both countries have expressed concerns about the impact of the ongoing military operation on the global oil market.
The IRGC has urged the international community to take immediate action to resolve the ongoing crisis and reopen the Strait of Hormuz. The organization has also assured that Iran is ready to protect its borders and will not hesitate to take necessary measures to safeguard its national interests.
In conclusion, the IRGC’s warning about the rise in oil prices is a cause for concern, not only for Iran but for the entire world. The closure of the Strait of Hormuz and the ongoing military operation in Iran have created an atmosphere of uncertainty and instability, which will have a significant impact on the global economy. It is crucial for the international community to take immediate action and find a peaceful resolution to the ongoing crisis in order to prevent further escalation and its consequences.
