Parliament Speaker Mohammad Bagher Ghalibaf warned global oil market participants against relying on unreliable “vibe-trading digital oil,” urging them to focus instead on real physical oil transactions.
Tehran – IranView24
In a message posted on his X on Monday, Ghalibaf cautioned traders as markets reopened, calling on them to avoid being influenced by “house of cards that works on paper.”
“Vibe-trading digital oil is like vibe-hedging in treasuries during Hormuz risk-off. Both share one house of cards that works on paper,” he wrote.
He added, “Difference: oil at least has Dated Brent. Treasuries? Vibes all the way down.”
Speaking in a televised interview on Saturday night, Ghalibaf reasserted that “the Strait of Hormuz is under the control of the Islamic Republic of Iran,” adding, “If the US does not abandon the blockade, traffic in the Strait of Hormuz will certainly be restricted.”
