Iranian MP Mohseni-Sani Declares Tehran No Longer Bound by Nuclear Treaty, Driving Brent Crude to $110
Mohammadreza Mohseni-Sani, a member of Iran's parliament's National Security and Foreign Policy Committee, stated on September 12 that Tehran no longer considers the Nuclear Non-Proliferation Treaty (NPT) binding. This declaration, made amidst renewed US strikes on Iran since September 2, has contributed to Brent crude prices rising from $96 to $110 a barrel in eight days. However, no formal notice of withdrawal has been filed, and the Iranian Foreign Ministry has not issued a matching statement. Analysts note that markets are treating the lawmaker's remark as noise until it becomes official policy, with gold falling to $4,319 an ounce and Bitcoin closing at $77,231 on September 12, as equity traders have priced in the conflict without triggering significant fear in crypto markets.
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