SATISH SHARMA - not just Rotigraphy.: the key metric for Iran is not the daily price of oil but US and global reserves, which continue to fall.

Analyst Sina Toossi says Vance’s admission that the US is using the Iran MOU to “refill the world’s oil economy” and “see where the hand is” confirms an argument made by Iranian economist and Ghalibaf advisor Majid Shakeri: the deal is designed to relieve pressure on global energy markets while Washington preserves its leverage and keeps military options open.

Shakeri argues the key metric for Iran is not the daily price of oil but US and global reserves, which continue to fall. 

The MOU has paused Iran’s “blockade clock,” he says, while America’s “reserve clock” keeps ticking. The data backs him up: the US Strategic Petroleum Reserve dropped 5.5 million barrels last week to its lowest level since 1983, per Reuters, and Goldman Sachs reports global visible oil stocks drew down 2.3 million barrels per day in June.

 Toossi says this explains why control over Hormuz remains central to Tehran’s thinking: if the MOU is Washington buying time for another attack, Iran is unlikely to surrender its leverage over the strait.

Quote

Sina Toossi

@SinaToossi

13h

Vance's comments are striking because they reinforce an argument Iranian economist and strategist (and Ghalibaf advisor) Majid Shakeri (@Majidshakeri8) has been making.

In his view, the MOU for the U.S. is designed to relieve pressure on global energy markets while preserving  x.com/DropSiteNews/s…