Qalibaf on Oil Prices and US Hormuz Claims
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that the US claims of Iran lacking control over the Strait of Hormuz contradict oil market indicators, which show a premium increase of about $35 to $50 above pre-war levels. Ghalibaf criticized the American narrative, deeming that oil movement through the strait is not normal, and that the market is behaving irrationally or that there is a farcical drama being played out by the United States. These comments come after Iran announced a proposal to open the strait within a week if US conditions are met, including lifting the blockade and easing sanctions, a proposal rejected by Trump. Meanwhile, indirect negotiations are ongoing between the two countries.
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