Iran Speaker Qalibaf Floats Hormuz Strait Taylor Rule

Qalibaf's framing is notable less as monetary theory than as an assertion of geopolitical pricing power: the claim that the Hormuz risk premium is Iran's to set implies a deliberate shift from reacting to market expectations to shaping them. The invocation of a Taylor-rule variant gives that claim a technocratic veneer, which may resonate in policy circles even if it has no operational standing. The open question is whether such rhetoric translates into any change in transit or insurance costs, or remains a signaling exercise aimed at rate-setters and energy desks.