TEHRAN: On (1st May, 2026) the 63rd day of Iran-US war, Brent is at four-year high, i.e. $126.41 (for next month’s delivery).
Meanwhile, Tehran and Washington are engaged in war of rhetoric. President Donald Trump said US might need to restart the war. It is pertinent to mention here that America has paid a hundred million bucks to an AI firm to train its naval personnel enabling them to destroy Iranian mines utilizing modern technologies.
President Masoud Pezeshkian, terming the naval siege of Irani ports as an extension of military operations, asserted that was intolerable. President ‘s office held: “Iran stands for peace and friendship in the world, but anyone who speaks to it in the language of force will face a strong response.”
Taking to X, Foreign Minister of Iran Abbas Araghchi maintained: “The Pentagon is lying. Netanyahu’s gamble has directly cost America $100 billion so far, four times what is claimed. Indirect costs for teUS taxpayers are FAR higher. Monthly bill for each American household is $500 and rising fast. Israel First means America Last”.
Brent crude rose to US$ 116.98 on 29th April, 2026 following reports that Trump was planning to extend the blockage of Iran. Meanwhile, UAE had proclaimed on the 60th day of Iran-US War (28th April, 2026) that, post 60-years of membership it was quitting the Opec and Opec+ on 1st day of May, 2026.
It is pertinent to mention here that 79.5 percent of the world’s proven oil reserves are located within OPEC nations. Minus UAE Opec means loss of 15% of its capacity. Sans UAE, OPEC will harbour:
01) Algeria,
02) Congo,
03) Equatorial Guinea,
04) Gabon,
05) Iran,
06) Iraq,
07) Kuwait,
08) Libya,
09) Nigeria,
10) Saudi Arabia &
11) Venezuela.
Savants at the helm of affairs insinuate that departure of UAE will prove to be the beginning of the end of Opec. UAE believes after getting rid of Opec shackles, it will be able to augment production to meet world’s energy demand, while generating more money. This will also bring Emirates and States closer as Trump had earlier warned the cartel to reduce oil prices.
The 13th day of Iran-US War: One may recall, while Trump proclaimed that the US-Israeli duo had beaten Iran, and IAE agreed on 11th March to release 400m barrels, the oil price augmented on 13th day of War (12th March, 2026).
Targeting of three ships on the 13th day of Iran-US war has unnerved the concerned quarters. Bewildered, they hiked the oil price. According to details, a couple of oil tankers were hit by unidentified missiles near key Iraq terminal.
Supreme Leader Mojtaba Khamenei addresses the citizens:.
On the 13th day of Iran-USA War, new Supreme Leader Mojtaba Khamenei addressed the citizens. He urged the nation to remain united and steadfast. He expressed determination to resist Western powers.
Resistance Front: “We consider the countries of the Resistance Front our best friends, and the cause of resistance is an integral part of the values of the Islamic revolution. There is no doubt that the cooperation of this front’s components together shortens the path to salvation from the Zionist sedition.
Yemen: “We have seen how brave, faithful Yemen did not abandon the defense of the oppressed people of Gaza, and how the self-sacrificing Hezbollah supported the Islamic republic despite all obstacles, and likewise, the resistance of Iraq marched bravely on this path...
Revenge: “This revenge is not limited to the martyrdom of the leader of the revolution alone; rather, every individual of our people martyred at the hands of the enemy constitutes an independent case in the retribution file. A limited part of this revenge has been achieved so far, but it will remain open until it is fully realised, especially regarding the blood of our children…
US Bases: “The enemy established military and financial bases in some of these countries years ago to ensure his hegemony over the region. In the recent attack, some of these bases were used; therefore — as we warned previously — we targeted those bases only without aggressing against those countries…
US Claim of Peace is a Lie: “We will be forced to continue this matter if the use of those bases continues, while always emphasising our desire for friendly relations with our neighbours. We advise these countries to close those bases quickly, as it has become clear to them that the United States’ claim of achieving security and peace was nothing but a lie…
Compensation: “These two matters are a mandatory duty for officials, and they must submit a report on this to me. I emphasise that we will demand compensation from the enemy; if he refuses, we will take from his funds as much as we deem appropriate, and if that is not feasible, we will destroy his property by the same amount...
Brave Fighters: “A sincere thank you to our brave fighters who, in circumstances where our dear homeland was subjected to an unjust attack by the leaders of the arrogance front, blocked the way for the enemy with their powerful strikes and stripped him of the illusion of controlling this homeland or even partitioning it.”
Newspakistan.tv
