Iran's Ghalibaf Links US Inflation to Hormuz Strait Control
Mohammad Bagher Ghalibaf, the speaker of Iran's parliament, has been tweeting about the impact of the Hormuz Strait and Bab el-Mandeb on US inflation expectations. He argues that the US Federal Reserve's monetary policy decisions, such as interest rate hikes, will be ineffective in managing inflation as long as these strategic waterways remain at risk. Ghalibaf suggests that Iran's control over these straits gives it significant influence over global energy markets and US inflation.13 sourcesSee all sources