Key facts
- Iranian Parliament Speaker Mohammad Bagher Ghalibaf accused US Treasury Secretary Scott Bessent of lying about oil exports.
- Ghalibaf questioned Bessent's claim of exporting 130 million barrels of oil, referencing war costs and speculative trading.
- Ghalibaf shared an article by Paul Krugman criticizing Bessent's market management and policy credibility.
- Ghalibaf also commented on US sovereign debt yields.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf has publicly criticized US Treasury Secretary Scott Bessent, accusing him of spreading misinformation regarding oil exports. Ghalibaf specifically targeted Bessent's claim that the US had guided 130 million barrels of oil out of the region over a two-week period.
In a post on X, Ghalibaf used the phrase "Liar, liar, pants on fire" and reposted an article by Nobel laureate economist Paul Krugman titled "Scott Bessent Fails to Gaslight the Market." Krugman's piece sharply criticized Bessent's market management and policy credibility.
Ghalibaf further challenged Bessent by suggesting he consult Moody's data, which he claimed shows over $130 billion in war costs. He also alluded to significant losses incurred by Jane Street in shorting oil futures on behalf of the US Treasury. Ghalibaf concluded his remarks by commenting on the rising yields in US sovereign debt markets, stating, "Liar liar yields on fire."