CVX, OXY, XOM: ‘Get Ready for $200 a Barrel’ Oil, Says Iran’s Regime

FomoAnxiety · 2026-03-11T18:07:13+00:00

Iran's regime warns of impending crude oil prices reaching $200 a barrel amid escalating tensions with the U.S. and Israel. The military is increasing attacks in the Strait of Hormuz, threatening global energy supplies, while analysts express concern over the economic implications.

FomoAnxiety

2026-03-11 18:07:13

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Iran’s regime appears to be digging in against a relentless onslaught from the U.S. and Israel, warning the world to expect crude oil prices to hit $200 a barrel in coming weeks.

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Iran’s military command said on March 11 that the world should be prepared for oil to hit $200 a barrel as it escalates attacks on ships traversing the Strait of Hormuz waterway, where crude oil flows between the Middle East and Asia. Reports say that Iran has been laying mines in the waterway.

Iran has also fired at Israeli and other targets across the Middle East, demonstrating it can still fight back and disrupt energy supplies despite the U.S. and Israeli militaries steeping up strikes on the country. While higher oil prices might be good for energy giants such as Chevron CVX +1.63% ▲ , Occidental Petroleum OXY +2.09% ▲ , and ExxonMobil XOM +1.61% ▲ , they could also cause a shock to the global economy, warn analysts.

Preparing for the Worst

“Get ready for oil to be $200 a barrel, because the oil price depends on regional security which you have destabilized,” Ebrahim Zolfaqari, a spokesperson for Iran’s military command, said in comments addressed to the U.S.

Despite U.S. President Donald Trump saying the war with Iran will end soon, there has so far been no let-up in the fighting or any signs that ships can safely traverse the Strait of Hormuz, where 20% of the world’s crude oil typically flows.

Brent crude oil, the international standard, is currently trading at $91.35 per barrel.

Comparing U.S. Oil Majors?

Below is a chart comparing three leading U.S. oil majors: CVX, OXY and XOM. As one can see, Chevron is the highest rated among the three stocks, while Occidental Petroleum carries the worst rating and a Hold recommendation from analysts.

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