Tehran Threatens Oil Prices Above $150 and Strikes on Europe

With this warning, Iranian parliament member Hossein-Ali Deligani spoke. His words were reported by the Tasnim agency. "In the event of any kind of destructive actions or the start of attacks by the U.S. and the Zionist regime, Iran's response will be such that missiles will reach Europe, and this will lead to oil prices exceeding $150," he said. Earlier, Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft in Washington, also warned of serious economic consequences from a possible escalation. According to his assessment, if the U.S. and Iran return to large-scale hostilities, oil could rise to $200 per barrel. Such a scenario could trigger a global economic downturn. The oil market is already reacting to fears of a new war. In October, Bloomberg reported that Brent crude surpassed $100 per barrel. Among the reasons cited were fears of renewed conflict in the Middle East, declining oil reserves, and a diesel fuel shortage. New military clashes could increase pressure on the market and lead to further price increases. For now, the statements from Iranian officials remain a warning of a possible scenario rather than a forecast of inevitable developments.