Pakistan, April 30 -- Iran's Parliament Speaker Mohammad Bagher Ghalibaf has warned that global crude oil prices could climb to $140 per barrel as tensions surrounding Iranian exports continue to escalate. He sharply criticised Washington's strategy, arguing that attempts to pressure Iran through restrictions on oil movement are backfiring. According to his remarks, instead of stabilising markets, such policies are driving uncertainty and pushing prices higher, raising concerns across global energy markets already reacting to geopolitical risks.

In a strongly worded message, Ghalibaf mocked claims that limiting Iran's oil exports could damage its infrastructure, insisting that such assumptions were based on flawed analysis. He pointed ou...