Published: Mar 09, 2026, 23:00 IST | Updated: Mar 09, 2026, 23:00 IST
As the war in Middile East intensifies, Iran's Islamic Revolutionary Guard Corps has issued a stark warning to Gulf states: rein in the United States and Israel or face oil prices soaring to 200 dollars per barrel. Energy markets are already on edge. Brent crude surged to around $119 before plunging to nearly $102 within just 24 hours, highlighting extreme volatility. Analysts warn that if the conflict spreads to oil routes or production hubs, the world could face a major energy shock with huge economic consequences.