Ghalibaf warns of future difficulties for the US economy, despite Besant’s expectations of a decline in oil

Qalibaf posted on the “X” platform a picture showing the US Secretary of the Treasury “riding” a rocket, accompanying the picture with the phrase: “Up... warm-up operations before take-off,” referring to his expectations that the US economy and markets may face a more difficult stage.

In his post, Qalibaf shed light on a number of economic files, including diesel prices, the US Treasury bond market, spending and debt service, in addition to the status of the US strategic oil reserve.

The message came in the wake of statements by US Treasury Secretary Scott Besent, in which he indicated the possibility of oil prices falling to levels ranging between $40 and $50 per barrel if the conflict ends and large quantities of oil return to flowing to global markets.

Qalibaf believes that this optimistic scenario regarding lower energy prices ignores, according to his reading, a set of pressures facing the American economy, especially with the rise in energy costs, government debt service, and the fluctuation of financial markets.