Qalibaf links US inflation expectations to Strait of Hormuz and Bab el-Mandeb
Iran’s parliament speaker says interest-rate changes cannot offset supply shocks tied to the strategic waterways.
Qalibaf said US inflation expectations are increasingly affected by risks involving the Strait of Hormuz and Bab el-Mandeb, arguing that Federal Reserve rate decisions cannot address the underlying supply shock.
Iranian Parliament Speaker Mohammad Bagher Qalibaf said in a post on X that US inflation expectations are being driven by supply shocks linked to the Strait of Hormuz and Bab el-Mandeb. He argued that changing interest rates cannot reopen the waterways or increase oil production, and said geopolitical risks—not monetary policy alone—are shaping inflation. The claims about the waterways’ status and Iran’s control over the related risks were made by Qalibaf and were not independently established in the supplied report.