{"id":"1793296989710-money-headlines","slug":"iran-s-hormuz-closure-fueled-fed-hike","title":"Iran's Hormuz Closure Fueled Fed Hike","summary":"Iran's Parliament Speaker Mohammad Bagher Ghalibaf said progress requires agreement on Iran's seven conditions, while Iran continues to keep the Strait of Hormuz closed. The US Federal Reserve raised interest rates by 25 basis points on the same day, with Fed Chair Kevin Warsh citing renewed US-Iran fighting and higher petrol prices as factors.\n\nThe dispute remains over sequencing: Iran wants US sanctions relief and access to frozen assets before reopening the strait, while Washington wants the strait reopened first. Ghalibaf mocked US monetary policy, posting a version of the Taylor equation and saying “You can't 25bp a chokepoint.” Analysts say Iran is using economic leverage and financial messaging to pressure Washington.\n\nIranian Parliament Speaker Mohammad Bagher Ghalibaf has said progress can only be achieved once Iran's seven conditions are agreed upon. Reports confirm Iran is refusing to reopen the Strait of Hormuz until those conditions are met.\n\nGhalibaf said Iran's conditions have been repeatedly and clearly stated to mediators. This matches reporting that Iran has set seven conditions and is focused on security in the Strait of Hormuz.\n\nThere is no evidence the Pentagon is sending federal prison guards to polls or that the National Guard is mobilized in all 50 states for the election. This is a baseless election conspiracy claim.\n\nFed Chair Kevin Warsh declined to respond to Trump's comments, saying he would not respond to quotes from public officials, and said the Fed made a good decision. This matches reporting from the press conference. This is a commentary/joke about Fed Chair Warsh's press conference being a “Rorschach test.” It is opinion, not a factual claim. This is an NSFW personal post with no factual claim to check.","publishedAt":"2026-10-29T18:03:09.710Z","channel":{"id":"money","name":"Oncast Money","language":"en"},"show":"Money Lunch","verification":{"status":"verified","leadVerdict":"TRUE","notes":"TRUE: Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said progress can only be achieved once Iran's seven conditions are agreed upon. Reports confirm Iran is refusing to reopen the Strait of Hormuz until those conditions are met.\nSource: [twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf (https://x.com/DeItaone/status/2115859525769007517)\n\nTRUE: Ghalibaf said Iran's conditions have been repeatedly and clearly stated to mediators. This matches reporting that Iran has set seven conditions and is focused on security in the Strait of Hormuz.\nSource: [twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf (https://x.com/DeItaone/status/2115859416218038569)\n\nFALSE: There is no evidence the Pentagon is sending federal prison guards to polls or that the National Guard is mobilized in all 50 states for the election. This is a baseless election conspiracy claim.\nSource: Fact-checkers (AP, Reuters) NAMES: National Guard = state-based military reserve force (https://bsky.app/profile/jerasikehorn.bsky.social/post/3myzoja4anc2e)\n\nTRUE: Fed Chair Kevin Warsh declined to respond to Trump's comments, saying he would not respond to quotes from public officials, and said the Fed made a good decision. This matches reporting from the press conference. This is a commentary/joke about Fed Chair Warsh's press conference being a “Rorschach test.” It is opinion, not a factual claim. This is an NSFW personal post with no factual claim to check.\nSource: Catherine Rampell (Bluesky) NAMES: Warsh = Federal Reserve Chair Kevin Warsh POST bsky:at://did:plc:yrttb2l65poatdcn3oo635ce/app.bsky.feed.post/3myz4fdgjlc2o: N (https://bsky.app/profile/crampell.bsky.social/post/3myxgxtxpus2y)","claims":[{"verdict":"TRUE","summary":"Iranian Parliament Speaker Mohammad Bagher Ghalibaf has said progress can only be achieved once Iran's seven conditions are agreed upon. Reports confirm Iran is refusing to reopen the Strait of Hormuz until those conditions are met.","sourceName":"[twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf","sourceUrl":"https://x.com/DeItaone/status/2115859525769007517","claim":"IRAN'S QALIBAF: PROGRESS CAN ONLY BE ACHIEVED ONCE IRAN’S SEVEN CONDITIONS HAVE BEEN AGREED UPON","author":"*Walter Bloomberg (@DeItaone)"},{"verdict":"TRUE","summary":"Ghalibaf said Iran's conditions have been repeatedly and clearly stated to mediators. This matches reporting that Iran has set seven conditions and is focused on security in the Strait of Hormuz.","sourceName":"[twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf","sourceUrl":"https://x.com/DeItaone/status/2115859416218038569","claim":"IRAN'S PARLIAMENT SPEAKER QALIBAF: IRAN’S CONDITIONS HAVE BEEN REPEATEDLY AND CLEARLY STATED TO THE MEDIATORS","author":"*Walter Bloomberg (@DeItaone)"},{"verdict":"FALSE","summary":"There is no evidence the Pentagon is sending federal prison guards to polls or that the National Guard is mobilized in all 50 states for the election. This is a baseless election conspiracy claim.","sourceName":"Fact-checkers (AP, Reuters) NAMES: National Guard = state-based military reserve force","sourceUrl":"https://bsky.app/profile/jerasikehorn.bsky.social/post/3myzoja4anc2e","claim":"MAJOR BREAKING: Aaron Parnas reports, Pentagon sending Fed Prison Guards to polls and National Guard is mobilized in all 50 states… And so it begins. NOW, GO VOTE!! 😎🇺🇸✨","author":"California Dreamin’… 😎 (@jerasikehorn.bsky.social)"},{"verdict":"TRUE","summary":"Fed Chair Kevin Warsh declined to respond to Trump's comments, saying he would not respond to quotes from public officials, and said the Fed made a good decision. This matches reporting from the press conference. This is a commentary/joke about Fed Chair Warsh's press conference being a “Rorschach test.” It is opinion, not a factual claim. This is an NSFW personal post with no factual claim to check.","sourceName":"Catherine Rampell (Bluesky) NAMES: Warsh = Federal Reserve Chair Kevin Warsh POST bsky:at://did:plc:yrttb2l65poatdcn3oo635ce/app.bsky.feed.post/3myz4fdgjlc2o: N","sourceUrl":"https://bsky.app/profile/crampell.bsky.social/post/3myxgxtxpus2y","claim":"Asked if he agrees with Trump's comments that Warsh is \"great\" but the rest of the Fed board is political and \"would like to see the country do badly,\" Warsh declines to say: \"Not going to be responding to quotes from public officials.\" Says he's proud to be chair and Fed made a ","author":"Catherine Rampell (@crampell.bsky.social)"}]},"sources":[{"url":"https://x.com/DeItaone/status/2115859525769007517","name":"[twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf","kind":"x","verdict":"TRUE","author":"*Walter Bloomberg (@DeItaone)"},{"url":"https://x.com/DeItaone/status/2115859416218038569","name":"[twiscan.com](https://twiscan.com/en/x/DeItaone/2106706053790409198) NAMES: Qalibaf = Iranian Parliament Speaker Mohammad Bagher Ghalibaf","kind":"x","verdict":"TRUE","author":"*Walter Bloomberg (@DeItaone)"},{"url":"https://bsky.app/profile/jerasikehorn.bsky.social/post/3myzoja4anc2e","name":"Fact-checkers (AP, Reuters) NAMES: National Guard = state-based military reserve force","kind":"bluesky","verdict":"FALSE","author":"California Dreamin’… 😎 (@jerasikehorn.bsky.social)"},{"url":"https://bsky.app/profile/crampell.bsky.social/post/3myxgxtxpus2y","name":"Catherine Rampell (Bluesky) NAMES: Warsh = Federal Reserve Chair Kevin Warsh POST bsky:at://did:plc:yrttb2l65poatdcn3oo635ce/app.bsky.feed.post/3myz4fdgjlc2o: N","kind":"bluesky","verdict":"TRUE","author":"Catherine Rampell (@crampell.bsky.social)"}],"url":"https://oncast.fm/story/1793296989710-money-headlines-iran-s-hormuz-closure-fueled-fed-hike","listenUrl":"https://oncast.fm/c/money","attribution":{"publisher":"Oncast","site":"https://oncast.fm","url":"https://oncast.fm/story/1793296989710-money-headlines-iran-s-hormuz-closure-fueled-fed-hike","cite":"Cite https://oncast.fm/story/1793296989710-money-headlines-iran-s-hormuz-closure-fueled-fed-hike and the original source links. Fact-check by Oncast (oncast.fm)."},"hostsSaid":[{"host":"Adam","text":"The Fed raised rates a quarter point, and Iran says that's not enough. Qalibaf, Iran's parliament speaker, says progress only after seven conditions met. Strait of Hormuz stays shut."},{"host":"Bill","text":"That closure is what drove the Fed. Renewed fighting and higher petrol prices, Chair Warsh said. Iran's playing hardball with the world's oil lane."},{"host":"Adam","text":"Warsh was asked about Trump calling the Fed political. He wouldn't bite: not responding to quotes from public officials. But he says Fed made a good decision."},{"host":"Bill","text":"And Steve Liesman on Bluesky says the presser is a Rorschach test— everyone sees what they want. That's the mood."},{"host":"Adam","text":"Reports also say the US and Kremlin are discussing lifting sanctions on Russia's sovereign wealth fund. That's from CNN via Unusual Whales, unconfirmed."},{"host":"Bill","text":"If true, that's a major thaw. But no official word yet. Meanwhile, Putin is quoted saying Europe is preparing for war with Russia by 2030. Russia ready, he says, but doesn't want one."},{"host":"Adam","text":"Again, unverified quote from a post on X, but it's adding to market jitters. And one light note: Polymarket posts brewers warn beer prices may jump in 2027, on energy and aluminum costs. Unverified, but file that away."}]}