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Iran’s Parliament Speaker Challenges ‘Safe-Haven’ Status of US Treasuries

He argues investors treat Treasuries as a belief trade, unlike oil tied to the Dated Brent benchmark.

Overview

  • Iran’s parliament speaker Mohammad-Bagher Ghalibaf posted on X questioning whether US government bonds truly serve as a safe place for money during crises.
  • He contrasted bonds with oil priced off Dated Brent, a physical crude benchmark, saying Treasury prices rest more on sentiment and policy expectations.
  • The remarks reference recent Strait of Hormuz tensions that have pushed oil prices higher and driven investors toward assets seen as safer such as US bonds.
  • Traders and analysts are debating the point, while Iranian state media cast the message as a reminder of Tehran’s sway over energy routes.
  • Reports note no evidence that Treasuries have lost their haven role, framing the post as rhetorical signaling rather than a shift in market fundamentals.