Iranian Parliament Speaker Mohammad Bagher Qalibaf rejected US Treasury Secretary Scott Bessent’s claim that Washington’s blockade and economic measures would crush Iran’s economy. Qalibaf challenged Bessent’s assertion that the US had brought 130 million barrels of oil onto the market over 14 days, citing Moody’s figures that he said showed more than $130 billion in war-related costs and claiming Jane Street lost more than $130 million betting on lower oil prices during a single futures-contract rollover. The dispute follows an earlier exchange over Tehran’s overseas spending and unresolved provisions of a 14-point memorandum of understanding signed by Iran and the US in Islamabad in June, with Pakistan and Qatar mediating. The agreement was intended to end hostilities, reopen the Strait of Hormuz, lift a US naval blockade and begin 60 days of negotiations, but Tehran says Washington has failed to meet its commitments.