Iran’s Parliament Speaker Comments on Paper Oil Market

Iran’s Parliament Speaker Mohammad Bagher Ghalibaf stated on Tuesday that his country is aware of what is happening in the paper oil market, meaning “the market for trading financial contracts related to oil, not actual oil,” including the companies employed to influence oil futures contracts. He also alluded to the broader media pressure campaign accompanying this.

Ghalibaf added in a post on the X platform, : “Let’s see if they can convert that into real fuel at the pump, or perhaps even print gas molecules.”

On February 28, the US and Israel launched a new aggression against Iran, resulting in the deaths of hundreds of civilians and targeting schools, hospitals, mosques, and other infrastructure belonging to the Iranian people.

In response to this aggression, Iran launched Operation “True Promise 4” against Israel and US bases in the region