US President Trump's Statement on Iran: No Attack Before the Election
US President Donald Trump announced that while talks with Iran are ongoing, no attack will be launched prior to the mid-term elections in November.
US President Donald Trump stated that constructive talks with Iran are continuing and announced that no military attack will be carried out against the country before the mid-term elections in November. During this process, the US Treasury Department announced new sanctions while oil prices saw an increase.
Trump's Message That There Will Be No Attack Before the Election
US President Donald Trump stated that productive discussions are ongoing between Washington and Iran. Trump committed that no military attack will be launched against Iran until the mid-term elections in November.
New Sanction Decisions from the Treasury Department
The US Treasury Department enacted new sanctions targeting individuals, companies, and vessels supporting Iran's oil sales. Treasury Secretary Scott Bessent stated that the Washington administration will continue to target such facilitators.
Developments in Oil Markets and the Region
Following the new sanctions and shipment risks in the Strait of Hormuz, an increase of approximately 4 percent was recorded in oil prices. The barrel price of Brent crude rose to $104.28, while WTI crude traded at the 91.49 level.
The Iranian Ministry of Defense announced that its weapons production capacity has reached 2.5 times the pre-war period. Ministry spokesperson Reza Talaei-Nik emphasized that the current production level is sufficient for a long-term war.