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Iran warns of $US200 a barrel oil, as conflict continues to spread across the Middle East

Iran warns of $US200 a barrel oil, as conflict continues to spread across the Middle East

The war in the Middle East is continuing to intensify, with Iran warning oil prices could surge to US$200 a barrel if the conflict spreads across the region. As missiles strike Israel and Iran, tensions are rising rise in the Gulf and Lebanon, as fears grow of a wider war and a global economic shock.

SBS News In Depth · SBS Audio

March 12, 20267m 52s

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Show Notes

The war in the Middle East is continuing to intensify, with Iran warning oil prices could surge to US$200 a barrel if the conflict spreads across the region. As missiles strike Israel and Iran, tensions are rising rise in the Gulf and Lebanon, as fears grow of a wider war and a global economic shock.