Ghalibaf hits back at Bessent over Iran sanctions claims

Tehran - BORNA - Ghalibaf reposted an article by Nobel Prize-winning economist Paul Krugman that criticized Bessent’s handling of financial markets and pointed to renewed turmoil in the US government bond market as evidence that his policies have failed.

Ghalibaf then mocked Bessent’s claim that 130 million barrels of oil had passed through the Strait of Hormuz over a two-week period.

“The real 130s are the $130 billion cost of the war with Iran, according to Moody’s Analytics, or the $130 million loss suffered by a company that secretly intervened in paper oil markets on behalf of the US government — something Iran has become aware of,” Ghalibaf said.

Addressing Bessent directly, Ghalibaf added: “You liar! Look at US Treasury yields. They are on fire and going higher and higher.”

The yield on 30-year US Treasury bonds has risen to around 5.3%, its highest level since 2008.

The US Treasury has sought through a series of measures to support prices of long-term government bonds and contain yields, as higher borrowing costs add pressure to Washington’s debt burden and broader economic outlook.

Those efforts, however, have failed to prevent yields from rising again, signaling persistent concerns among investors over inflation, fiscal conditions and the sustainability of US government debt.

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