Iranian Speaker of Parliament mocks “emotional trading,” says oil prices have anchors whereas US Treasuries are driven by sentiment.

Golden Ten Data reported on April 20 that oil prices surged over 5% in early trading on Monday. The Iranian Parliament Speaker, Kalibaf, then posted on social media: "Speculating on ‘emotion-driven digital oil’ is just like using ‘sentiment hedging’ to allocate in US Treasuries when risk appetite in the Strait of Hormuz cools down—both are essentially a ‘house of cards’ that only makes sense on paper. The difference is: oil at least has the ‘Brent crude spot benchmark’ as a backstop; and US Treasuries? They rely solely on sentiment from start to finish." Kalibaf also included a certain financial terminal command for querying the Brent crude spot price.