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Iranian Parliament Speaker Mohammad Bagher Ghalibaf sent a message to U.S. Treasury Secretary Janet Yellen, in response to her statement predicting oil prices could fall to between $40 and $50 per barrel if the conflict ends and large quantities of oil are returned to the markets. Ghalibaf considered that this scenario ignores the pressures faced by the U.S. economy, including rising energy costs, government debt servicing, and financial market volatility.
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