Iran’s Ghalibaf criticises “paper-based” resilience of financial systems

Iranian Parliament Speaker Mohammad Bagher Ghalibaf has published a cryptic message on social media using financial jargon, appearing to question the stability of global markets amid tensions surrounding the Strait of Hormuz.

Ghalibaf, on his X post, wrote that vibe-trading digital oil was like vibe-hedging in treasuries during Hormuz risk-off, Caliber.Az reports.

Vibe-trading digital oil is like vibe-hedging in treasuries during Hormuz risk-off. Both share one house of cards that works on paper.
Difference: oil at least has Dated Brent. Treasuries? Vibes all the way down.

EUCRBRDT Index GP <GO>

— محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) April 19, 2026

“Both share one house of cards that works on paper. Difference: oil at least has Dated Brent. Treasuries? Vibes all the way down,” he said.

The statement appears to suggest that while oil markets remain anchored to physical benchmarks such as Brent crude, US Treasury bond markets are more heavily dependent on investor sentiment rather than tangible fundamentals.

By Bakhtiyar Abbasov