Iran Slams US Sanctions Campaign as 'Diversion' Amid Escalating Tensions

Iranian Foreign Minister Abbas Araghchi dismissed US President Trump's announced sanctions campaign as a diversion from domestic American issues. He warned that the economic measures would only bring further defeat to Washington.

Araghchi's statement comes amidst rising tensions between the two countries. Meanwhile, oil prices remain stable, with West Texas Intermediate (WTI) trading at $87.13, up 0.07% on the day.

The WTI is a benchmark for the oil market and is considered a high-quality crude due to its relatively low gravity and sulfur content. It is sourced in the United States and distributed via the Cushing hub, making it a key driver of global oil prices.