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Iraqi MFA: Oil prices could soar to $300 amid Middle East escalation
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- 15 June, 2025
- 10:03
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Further escalation in the Middle East, driven by the conflict between Iran and Israel, could push oil prices to $200–$300 per barrel, Iraq's Foreign Minister and Deputy Prime Minister Fuad Hussein, said in a phone call with German Foreign Minister Johann Wadephul, Report informs via the Iraqi News Agency INA.
"Continued conflict in the region and a closure of the Strait of Hormuz could lead to severe economic shocks. In the event of full-scale military operations, oil prices could rise to $200–$300 per barrel," Hussein said, as quoted by INA.
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İraq XİN: Yaxın Şərqdə gərginlik səbəbindən neftin qiyməti 300 dollara qədər yüksələ bilər
МИД Ирака: Нефть может подорожать до $300 из-за эскалации на Ближнем Востоке
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