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Benzinga
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Badar Shaikh

Iran's Parliament Speaker Accuses US of Violating Peace Agreement, Says 'The Era of Bullying and Extortion Is Over'

President,Of,The,United,States,Donald,Trump,In,The,Background,

Iran’s Speaker of the Parliament, Mohammad Bagher Ghalibaf, on Tuesday accused the U.S. of committing major violations of the terms agreed upon in the Memorandum of Understanding (MoU) signed between Washington and Tehran following missile strikes.

Major MoU Violations

In a post on the social media platform X, Ghalibaf said that the U.S. was “violating Iranian adjustments in the Strait [of Hormuz],” adding that the “persistent threat” of further strikes was also a violation of the terms.

Read Also: Trump Arrives in Turkey as NATO Unveils Tens of Billions in Arms Deals— F-35 Talks With Erdogan in Focus

The Treasury’s move to reinstate “oil sanctions” as well as the “attacks on southern Iran” and the “continued Zionist aggression” in Lebanon were all violations of the MoU, Ghalibaf said. “The era of bullying and extortion is over. It leads nowhere. We don’t fold,” he said.

U.S. Central Command Touts 80 Targets Hit

The U.S. Central Command (CENTCOM) said that it had hit over 80 targets in precision missile strikes, including Iranian air defense systems, radar, as well as over 60 small boats belonging to the Islamic Revolutionary Guard Corps (IRGC).

CENTCOM said that the strikes were in response to Iran hitting multiple vessels in the Strait of Hormuz. Notably, Iran had earlier warned ships traversing the waterway must follow the path it designated or risk getting struck.

UKMTO Updates

On Tuesday, the United Kingdom Maritime Trade Operations Center (UKMTO) said that it had received a report of a vessel struck by an “Uncrewed Aerial Vehicle (UAV)” while traveling through the Strait of Hormuz.

Read Also: OPEC+ Agrees To Raise Output Even as Hormuz Shipping Security Remains Uncertain

No casualties or environmental impact were reported during the incident, which caused the ship to sustain minor damage. The ship would continue to its port of call, UKMTO said.

Oil Prices

The exchange has also left oil prices surging across the board. At the time of writing this article, the cost of a barrel of West Texas Intermediate (WTI) crude rose 2.63% to $72.29. Brent crude also rose 2.62%, commanding a price of $76.10/bbl at press time.

Read Also: Analyst Says This Is Why Global Oil Prices Are Rising Amid OPEC+ Agreement: It Has All to Do With Refineries

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Photo courtesy: Below the Sky / Shutterstock

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