Iranian Parliamentary Speaker Ghalibaf posts "We are aware of what is happening in the paper oil market, including the firms hired to influence oil futures. We also see the broader jawboning campaign"

Newsquawk StaffOil newsPublished 24 Mar 2026, 15:23 UTC

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US Senator Banks has urged Commerce Secretary Lutnick to reconsider NVIDIA (NVDA) export licenses; US Senator Warren also signed the letter to Lutnick

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Newsquawk European Market Wrap - 24th March 2026

15:03

Iranian Parliamentary Speaker Ghalibaf posts "We are aware of what is happening in the paper oil market, including the firms hired to influence oil futures. We also see the broader jawboning campaign"

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Iran source says that there has been US "outreach" and that Tehran is "willing to listen", according to CNN

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adds, "But let’s see if they can turn that into "actual fuel" at the pump —or maybe even print gas molecules!"

Context

The comments from Iran's Parliamentary Speaker highlight an awareness of external influences on oil futures, signaling potential political pushback against market manipulation. This implies a vigilant stance on the geopolitical landscape affecting oil prices, particularly as they tease speculative ability to convert futures into physical supplies. Traders should consider how this rhetoric could influence market sentiment and lead to volatility in oil prices during both EU and US sessions.

External

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