Israel Iran War · 12 March 2026

Iran's $200 oil warning triggers 572 million barrel release

Unsplash / Patrick Hendry

If oil prices hit high levels, average US gas prices might go above $5 a gallon. Iran warned Wednesday that oil could reach $200 a barrel, prompting the US and International Energy Agency to announce a release from reserves. In total, 572 million barrels of oil will be released, with the US adding 172 million barrels commencing next week.

By BriefTea Editorial · 12 March 2026 at 4:01

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