Tehran:Iranian Parliament Speaker Mohammad Bagher Ghalibaf responded to recent comments by US Treasury Secretary Scott Bessent regarding Iran's economy, which Bessent claimed would collapse within two weeks. Ghalibaf outlined Iran's economic strategies and its impact on the US economy.

According to Islamic Republic News Agency, Ghalibaf highlighted the challenges faced by the US government in managing its financial obligations. He noted that the US had previously secured substantial loans at near-zero interest rates, but now faces the challenge of acquiring new loans at significantly higher rates to pay off the matured ones.

Ghalibaf pointed out the declining interest of major US bond buyers, such as China and Japan, contributing to rising bond yields. He emphasized Iran's influence in keeping the Strait of Hormuz closed, maintaining high energy prices, and affecting bond yields, which have led to a mounting crisis for the US Treasury.

The yield on 30-year US government bonds recently reached its highest level since 2002, with potential for rates to return to levels seen in the 1990s. Ghalibaf argued that these economic difficulties would persist until the US respects the rights of the Iranian nation.

In a related note, Ghalibaf mentioned the appointment of David Zervos as Bessent's advisor, highlighting his reputation for making eccentric statements. Zervos's appointment has sparked humor and ridicule among financial market participants.