Iran's Ghalibaf Critiques US Oil Blockade as Prices Surge
"Next Stop $140": Iran Speaker Ghalibaf's Big Warning As Oil Prices Reach Historic High
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Iran's Parliament Speaker Mohammad Bagher Ghalibaf criticized the US naval blockade in the Strait of Hormuz, asserting it has failed to damage Iran's oil production. He noted that global oil prices have surged to $120 per barrel, with predictions of reaching $140, highlighting the unintended consequences of US sanctions.
- 01Iran's Ghalibaf mocks US predictions of oil well explosions due to sanctions.
- 02Global oil prices have risen to $120 per barrel amid US blockade efforts.
- 03Ghalibaf attributes the price surge to poor US economic strategies.
- 04The US aims to pressure Iran by restricting oil exports.
- 05Iran's economy is designed to withstand sanctions and maintain self-reliance.
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Iran's Parliament Speaker, Mohammad Bagher Ghalibaf, has publicly mocked the US administration's naval blockade in the Strait of Hormuz, which aims to limit Iranian oil exports. In a sarcastic post on social media, Ghalibaf pointed out that contrary to US President Donald Trump's claims that Iran's oil wells would 'explode' under pressure, none have been damaged. He criticized the US strategy, stating that instead of crippling Iran's oil production, the blockade has led to a surge in global oil prices, which have reached $120 per barrel, with predictions of $140 as the next milestone. Ghalibaf blamed this outcome on what he termed 'junk advice' from US officials, particularly Treasury Secretary Scott Bessent. The blockade, intended to cut off a vital source of revenue for Iran, has instead resulted in increased prices due to a supply crunch in the Gulf. Ghalibaf, who has a background in military and engineering, is involved in negotiations with the US regarding Middle East security and nuclear issues. He expressed confidence in Iran's economy, which has been structured to withstand long-term sanctions.
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The rising oil prices could affect global markets and economies dependent on oil imports. Countries may face increased costs for energy and goods.
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