WANA (Sep 03) – Iranian Parliament Speaker Mohammad Bagher Ghalibaf criticized the economic policies of the U.S. administration, pointing to declining strategic oil reserves, rising Treasury yields, and surging oil futures prices as signs of growing pressure on Washington’s economic strategy.

 

In a message addressed to U.S. Treasury Secretary Scott Bessent, Ghalibaf said: “Watch closely the price of Oman crude futures, U.S. government bond yields, and the level of strategic oil reserves. Do whatever you can to intervene in oil futures prices, because your entire profession depends on it.”

 

He added that continued large-scale withdrawals from U.S. strategic oil reserves could create serious challenges for the country’s energy security and storage capacity, saying that global markets are closely monitoring these developments.

 

Ghalibaf also pointed to Washington’s efforts to reduce long-term Treasury yields, particularly 10-year bond yields, arguing that markets have largely resisted such interventions and that borrowing costs for the U.S. government remain under pressure.

 

The Parliament speaker further referred to the decline in U.S. strategic petroleum reserves, stating that extensive withdrawals amid disruptions in energy markets have pushed stockpiles to their lowest levels in decades and raised concerns over underground storage capacity.

 

Commenting on the rise in Oman and UAE oil futures prices, Ghalibaf said energy markets remain highly sensitive to supply conditions and oil transportation routes, particularly in the Persian Gulf, and that U.S. efforts to influence market expectations have so far failed to reverse broader trends.

 

Ghalibaf concluded that economic indicators and global markets present a different picture from political narratives, arguing that developments in oil prices, energy reserves, and bond markets have placed additional pressure on U.S. economic policies.