Iran’s parliament speaker Mohammad Bagher Ghalibaf has warned global oil market participants against relying on unreliable “vibe-trading digital oil,” urging them to focus instead on real physical oil transactions.
In a post on his X account 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 hastened to add, “Difference: oil at least has Dated Brent. Treasuries? Vibes all the way down.”
Iran has controlled the Strait of Hormuz since the United States and the Israeli regime waged a war of aggression against the country on February 28.
