No Oil Well Exploded: Iran’s Mohammad Bagher Ghalibaf Mocks US, Warns Oil Could Hit $140

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf has criticized the United States after its recent claims about Iran’s oil industry failed to materialize, warning that global oil prices may continue to rise sharply.

US Claims on Iran Oil Supply

On April 26, former US President Donald Trump declared that the US had left Iran with “no ships” to sell oil due to its actions, including a naval blockade. He also claimed that the pressure would cause Iran’s oil pipelines “to explode” in three days.

The claim was reiterated on April 28 by US Treasury Secretary Scott Bessent, who stated that Iran’s oil output was “close to shut down”. He said the blockade would soon bring a halt to oil production and cause fuel shortages in the country.

Iran Responds With Sarcasm

In response, Ghalibaf posted on X, ridiculing the claims. “Three days have gone by, and no wells have blown up yet,” he tweeted.

Iran could wait another 30 days if it wanted, he added, and even show live footage of the oil wells to prove the US wrong.

Oil Prices Surge Amid Tensions

The conflict has also affected international oil markets, with concerns regarding the Strait of Hormuz, a key shipping channel for oil. Any disturbances in this area have already led to crude oil prices reaching up to $120 per barrel.

Ghalibaf added that oil prices could rise further, up to $140 per barrel, if the conflict continues.

Global Impact and Market Concerns

Oil experts caution that Middle East instability, particularly related to Iran, can have immediate implications for oil supply. A sustained blockage of the Strait of Hormuz could have a major impact on global markets, driving up prices and inflation.

Ghalibaf condemned US policy, claiming such actions are ineffective and based on “misguided advice” and that they have the potential to exacerbate global energy shortages.

Rising Stakes in Energy Politics

The comments reflect rising tensions between Iran and the United States, with both sides making bold predictions about the future of Iran’s oil industry. The US is forecasting collapse, but Iran rejects these claims and cites global oil prices as a sign of instability.

With oil already at elevated levels, the coming weeks could prove critical for global energy markets and geopolitical stability.