Report: Saudi Flags $180 Oil if Disruption Extends; Saudi Boosts Exports Via Red Sea Route
Edited By WION Video Desk
Published: Mar 20, 2026, 16:45 IST | Updated: Mar 20, 2026, 16:45 IST
A new report warns that global oil prices could surge to $180 per barrel if disruptions in the Gulf persist amid the ongoing US-Iran conflict. The warning comes as supply risks intensify around the Strait of Hormuz, a critical global oil chokepoint. In response, Saudi Arabia is ramping up exports through the Red Sea route, aiming to bypass vulnerable Gulf shipping lanes and stabilise supply.
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