Iran's Ghalibaf counters Trump’s claims, stating 'no oil well has exploded' amid warnings of $140 oil prices.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf defended the country's oil production amid escalating tensions with the U.S. over sanctions, stating, "Three days in, no well exploded. We could extend to 30 and livestream the well here." Ghalibaf's remarks directly counter former President Trump's claims that U.S. pressure on Iran's oil sector was causing imminent failures in their infrastructure.
Trump's comments came during a recent interview, where he suggested that Iran’s oil wells were at risk due to blockade-related pressures, indicating a potential collapse in the nation’s oil exports. Ghalibaf dismissed these predictions, arguing instead that U.S. sanctions were counterproductive, saying, “These kinds of recommendations come from individuals who promote ideas like economic blockades—approaches that have only driven oil prices higher, even toward $140.”
On top of this, he highlighted the impact of these blockades, which have inflated global oil prices to $120 per barrel already, with estimates suggesting that $140 is the next likely threshold if sanctions persist. Ghalibaf warned that, “The blockade has cut into a key source of government revenue and hard currency by stopping or intercepting oil shipments.” He criticized U.S. advice that led to this situation, branding it as “junk advice” from officials described as failing to understand the energy market's dynamics.

Iran's Parliament Speaker Mohammad Bagher Ghalibaf countered former President Donald Trump's claims about the country’s oil sector, asserting that no oil wells have exploded amid ongoing U.S. sanctions, warning that oil prices may soon reach $140 per barrel.