Iran says oil will reach $200 a barrel, warns of 'continuous strikes'

Commercial vessels are pictured offshore in Dubai on Wednesday. New attacks hit three commercial ships in the Gulf on Wednesday with one of the vessels in flames as Iran pressed its campaign against its oil-exporting neighbours, threatening shipping in the Strait of Hormuz and plunging the global energy economy into crisis. AFP-Yonhap

DUBAI — Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday.

"We won't allow even one litre of oil to reach the U.S., Zionists (Israel) and their partners. Any vessel or tanker bound to them will be a legitimate target," Ebrahim Zolfaqari said.

"Get ready for the oil barrel to be at $200 because the oil price depends on the regional security which you have destabilised," he added.

Source: Korea Times News