Brent Crude Surpasses $105 as US Measures Lose Effectiveness

US measures to contain oil prices have lost their effectiveness, according to Mohammad Bagher Ghalibaf, head of Iran's negotiating team. In a recent post on his X account, Ghalibaf shared a chart showing the upward trajectory of Brent crude, which has surpassed $105 per barrel.

Ghalibaf argued that US financial interventions and measures by the US Treasury Department would fail to bring prices down. The head of Iran's negotiating team urged energy market participants to look at market trends rather than relying on statements from US economic officials when assessing the outlook for oil prices.