Iran Says US And Israel Policies Driving Surge In Global Oil Prices

Speaking during the annual Quds Day rally in Tehran, Araghchi told reporters that instability created by Washington and Tel Aviv in the region has pushed energy prices significantly higher.

He said the ongoing crises in the Middle East, including attacks on oil tankers and energy infrastructure in the Persian Gulf, have directly affected global energy markets.

Oil prices briefly surged above $100 per barrel this week as tensions intensified. Brent crude reached around $101 in Asian trading while US WTI crude traded above $96, reflecting market fears of further disruptions.

The comments come amid escalating military confrontation between Iran and its rivals, including recent US strikes on Iranian positions and reports of heavy attacks on Kharg Island.

Regional tensions have also spread to Iraq, where a rocket recently struck the compound of the United States Embassy Baghdad, highlighting the widening scope of the confrontation.

In Saudi Arabia, reports said Iranian strikes damaged five US aerial refueling aircraft at Prince Sultan Air Base, further increasing concerns about the safety of US military assets in the region.

The developments underline the growing geopolitical crisis in the Middle East, where escalating hostilities between Iran, the United States and Israel continue to affect global energy markets and regional stability.

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