MOSCOW, March 4. /TASS/. The price of oil could reach $200 per barrel due to the closure of the Strait of Hormuz by Tehran, Iranian Brigadier General Ebrahim Jabbari, an adviser to the commander of the Islamic Revolutionary Guard Corps (IRGC, elite units of the Iranian Armed Forces), said.
Major European stock exchange indices closed lower again on Tuesday, trading data showed.
TASS has compiled the main facts on the economic situation amid Middle East tensions.
The price of oil could reach $200 per barrel due to the closure of the Strait of Hormuz by Iran, IRGC commander adviser Brigadier General Ebrahim Jabbari said.
Stock exchange trading on Tuesday closed with a sharp drop in indices amid news of widening conflict in the Middle East, The Wall Street Journal wrote.
