5 Hrs
Source:
CNN Arabic
Qalibaf Comments on Oil Surpassing $105
The article discusses statements made by the Speaker of the Iranian Parliament, Mohammad Bagher Ghalibaf, in which he confirmed that the measures taken by the U.S. Treasury Department to lower oil prices, which have exceeded $105 per barrel, have become ineffective, and that the market is no longer influenced by Washington's interventions. He explained that efforts such as releasing reserves heavily and spreading falsehoods have failed to curb the rising prices. He warned that continuing American bullying and refusal to recognize Iran's rights will lead to depletion of reserves and further increases in oil prices. Oil prices have seen a sharp rise, with Brent crude reaching around $108, amid escalating tensions in the Strait of Hormuz and the Red Sea due to intensified fighting between the United States and Iran, as well as Houthi attacks on Saudi Arabia, putting the oil market into a dangerous phase.
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