Tehran (HRNW)- Senior Iranian leader and Speaker of Parliament Baqir Qalibaf has strongly criticized the U.S. Treasury Secretary in response to rising global oil prices, stating that what he called “irresponsible statements” have contributed to market instability. He claimed that such remarks have pushed oil prices to around $120 per barrel and warned that they could potentially rise further to $140 per barrel.
Qalibaf rejected U.S. assertions that sanctions or blockades are impacting Iran’s oil production capacity, stating that such claims are unfounded. He added that despite recent tensions, Iran’s oil production remains unaffected, saying that no oil wells have shut down and none are expected to in the coming weeks.
Earlier, the U.S. Treasury Secretary had stated that sanctions and restrictions on Iran would significantly impact its oil storage and production capacity, leading to long-term consequences. Meanwhile, global oil markets have seen a sharp increase, with Brent crude rising by approximately 8 percent to $121 per barrel, the highest level in four years.
Experts attribute the surge in oil prices to ongoing tensions in the Middle East and escalating geopolitical friction between the United States and Iran.
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