Qalibaf: US Treasury Actions No Longer Lower Oil Prices

The article highlights statements by Iranian President Mohammad Bagheri Qalibaf regarding the failure of American interventions to lower oil prices, asserting that the ineffective tools of the U.S. Treasury will not lead to a price decrease—especially amidst rising tensions and attacks on oil tankers in the region. It also notes that oil prices remained above $100 per barrel due to escalating attacks between Iran and the United States in the Strait of Hormuz, where Iranian Revolutionary Guard forces targeted a US drone boat and a US drone submarine, reflecting an intensification of the confrontation in this critical strait. The region is filled with concerns over potential disruptions to oil supplies, as attacks increase and the threat of military escalation looms.

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