US Iran War Updates | Iranian Parl Speaker Says Brent Crude Prices Will Reach The $140 Mark Soon

Hinzugefügt: 2026-04-30

[00:00:00]There's the latest input. We need to quickly dive into what this means overall [music] after Brent crude prices went over $120 at the highest price since mid-2022.

[00:00:11]Iranian parliamentary [music] speaker has tweeted. He says the prices will next touch the $140 mark signaling that tensions and deadlock with the US is only set to escalate. So, he's taking to social media and the social media update reads and I quote, "3 days in, no well exploded. We could extend to 30 and live stream the well here. That was the kind of junk advice the US administration gets from people like Bess. And so, he's name calling there who also pushed the blockade theory and cranked oil up to 120. Next stop, he says, is $140.

[00:00:49]The issue isn't the theory, it's the mindset." So, he's taking on the US administration. Akanksha continues to stay on with us. Akanksha, he says that the Brent crude prices could touch $140.

[00:01:00]Very well could if the situation remains unchanged. US reluctant on lifting the naval blockade. Iran also doesn't want to reopen the Strait of Hormuz entirely.

[00:01:10]In fact, there are reports that suggest that the United States is looking at resumption of strikes against Iran. So, it's certainly an escalation there.

[00:01:18]Well, absolutely. And he's not just attacking the US president but the US Treasury Secretary Scott Bessent because remember he's one of the hawks from the Trump administration. And he's also somebody who has affronted Donald Trump's tariff policy as well. We've seen how he's been time and again attacking India. But more importantly, if such a statement is coming in from Mohammad Bagher Ghalibaf who's the Iranian parliamentary speaker, it holds special significance. Why? Because recently seen him also fronting the peace talks on behalf of Iran. He's also seen as one of the most probable figure to be heading the new Iranian leadership at least the political arm of it and he already is doing that. He's seen as a moderate figure. So, when a moderate figure like Ghalibaf makes that statement, it assumes special significance. And he's saying that for all you know, the crude prices could shoot up to $140 a barrel and that could very well be a possibility. And as he's highlighted that this is not just about theory, it's about the mindset. The biggest question concerning the United States is that with these gasoline prices, the fertilizer prices skyrocketing within their own economy, can they afford such a price rise at a time when the Republican approval ratings, especially the ones for the US president, are looking at a long time low. The Democrats seem to be benefiting out of it. In fact, the US lawmakers, especially an arms committee, also held a hearing where Pete Sessions was questioned with regards to what the war has cost ever since it began. They've quoted a figure close to $25 billion which many analysts are saying could exceed far more because remember the US also has to factor in the renovation and the infrastructural development which will have to be done from scratch as far as their own bases in the Middle East are concerned which have been decimated. So, the US in itself is also bearing the brunt of this war. For how long can they afford to be in this war only to ensure that Iran doesn't get a nuclear weapon? Is war an answer to it or should dialogue and diplomacy be a part of it because there are newer complications ever since this war began. Primarily, the blockading of the Strait of Hormuz which has led to this oil and gas crisis across the board.

[00:03:50]The war of words certainly continues there and no signs of de-escalation still. Thank you, Akanksha, for breaking down that story overall.