As reported by Channels TV, on Thursday, March 12, 2026, global energy markets are facing an extraordinary level of instability, with experts cautioning about a potential oil crisis that might lead to prices doubling soon.
Strategic management specialist, Prof. Okey Ikechukwu, has expressed increasing concern about a possible rise in international crude costs to $200 per barrel.
His alerts arise amid rising tensions in the Middle East and a series of bold statements from Tehran that have caused ripples in global trade centers.
The benchmark for worldwide oil, which has recently surpassed the $100 threshold, is predicted to encounter a precarious future.
Prof. Ikechukwu pointed out that certain strategic changes in the messaging from Iran’s leadership are a key factor in creating market worry. Iranian authorities have hinted that the region’s security situation will set a new, significantly higher price floor for energy.