- Iran's Parliament Speaker Mohammad Bagher Ghalibaf warned that no country will be able to export oil if Iran cannot sell its own, escalating tensions in the region.
- Ghalibaf's warning included an 'all or nothing' equation, stating that if Iran cannot sell oil, no one will in the region.
- US President Donald Trump threatened to bomb an Iranian bridge or power plant for each attack on vessels in the Strait of Hormuz, heightening the conflict.
- Brent crude oil prices have breached $95 per barrel for the first time in six weeks due to the escalating conflict.
- The Strait of Hormuz is crucial for global oil trade, handling a significant share of the world's seaborne oil.
- Iran's blockade of the Strait, along with threats from Iran-backed Houthis, has sharply increased oil prices.
- Analysts predict that oil prices could reach $120 a barrel by the end of the year unless exports via Hormuz restart.
Iran's Parliament Speaker Mohammad Bagher Ghalibaf has issued a stark warning that if Iran cannot sell its oil, no other country in the region will be able to do so either. In a post on X, he stated, "The equation of this war is clear: either all or none!" He emphasized that the security of energy exports is at risk due to the ongoing conflict, which has escalated tensions in the Strait of Hormuz, a critical passage for global oil trade.12
The Strait of Hormuz is vital, handling about one-fifth of the world’s seaborne oil trade. Ghalibaf warned that if Iran's security is not guaranteed, “no infrastructure will remain secure.” His comments come amid rising oil prices, which have recently breached $95 a barrel for the first time in six weeks, driven by fears of supply disruptions due to the conflict.
Analysts predict that if the situation does not stabilize, oil prices could soar to $120 a barrel by year-end. The head of the world’s energy watchdog, Fatih Birol, noted that while global oil markets have benefited from some cushioning factors, there is no room for complacency as hostilities escalate. The ongoing conflict has already led to significant price increases, with Brent crude climbing sharply in recent days.9
Ghalibaf's remarks reflect a broader concern about the implications of the Iran-US tensions, particularly regarding navigation through the Strait of Hormuz, which has become a focal point of conflict since the outbreak of hostilities earlier this year.
“Trump threatened to bomb an Iranian bridge or power plant each time Tehran attacks a vessel in the Strait of Hormuz. Goldman Sachs analysts warn oil prices could hit $120 a barrel by year-end unless exports via Hormuz restart.”
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