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Iran promises oil at $200 per barrel
Quds Force threatened to close the Strait of Hormuz and attack oil pipelines, aiming to ensure that "not a single drop of oil leaves the region." With a price increase of 160% — up to $200 per barrel — this will be the second largest jump in history: the record increase of 300% occurred in 1973 due to the Arab countries' embargo on oil supplies to the US.