Bessent predicts Iran's economic collapse 'in the next two weeks'
- Treasury Secretary Scott Bessent stated on Sunday that Iran has only about 15 million barrels of oil remaining for delivery, warning that Tehran's economy could soon have "nothing left to trade."
- Launched on Aug. 24, the Trump administration's Operation Economic Outcast aims to isolate Iran by cutting economic lifelines; as of Sept. 25, U.S. Central Command had redirected 122 ships enforcing the blockade.
- Iranian President Masoud Pezeshkian estimated exports and imports fell by 25 percent and 35 percent respectively, while the International Monetary Fund reported consumer price inflation reached nearly 69 percent and the rial's value decreased by over 25 percent.
- President Donald Trump rejected Tehran's seven-day proposal on Sept. 26 to restart nuclear talks and reopen the Strait of Hormuz; Bessent countered that the waterway already remains open.
- Despite intensifying pressure, Pezeshkian warned last week that Iran would not back down, yet Bessent believes Tehran is "feeling the pressure" and seeking a deal to ensure compliance with future agreements.
108 Articles
108 Articles
Iran Will Have ‘Nothing Left to Trade’ Within 2 Weeks, Bessent Says
U.S. Treasury Secretary Scott Bessent testifies during a House Financial Services Committee hearing on the state of the international financial system, on Capitol Hill in Washington on Sept. 15, 2026. (Roberto Schmidt/AFP via Getty Images)
Daily Memo: On US Sanctions on Iran and Withdrawal From Iraq
Ripple effect. A senior U.S. Treasury Department official visited several countries in the Middle East this month to push for stricter restrictions on their financial dealings with Iran, The Wall Street Journal reported. Jonathan Burke, the assistant secretary of the Treasury for terrorist financing, made more than 50 stops in the Middle East (including Oman, […]
MichaelSavage.com – Bessent: Iran Economy Will Have ‘Nothing’ in 2 Weeks
Treasury Secretary Scott Bessent on Sunday said Iran's battered economy could have "nothing" left to trade within two weeks as U.S. sanctions and a blockade choke off Tehran's remaining oil exports. "I am confident, given that there's only 15 million more barrels of Iranian oil on the water, that Iran will have nothing left to…
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