Scott Bessent says Iran's economy is 'collapsing' as Treasury tightens financial vise
Bessent said sanctions and a port blockade have cut off $25 billion in crude exports and frozen about $350 million in crypto assets.
- U.S. Treasury Secretary Scott Bessent said on Wednesday that Operation Economic Outcast has isolated Iran's economy, predicting it could contract 20–25% between March 2026 and March 2027.
- Washington's blockade has prevented at least $25 billion in crude exports while freezing approximately $350 million in assets; depletion of floating oil inventories in Asian waters removed Tehran's critical financial buffer.
- Last month, annual inflation reached 89.8% as officials acknowledged nearly 700,000 job losses, while Bessent claimed the regime cannot pay security personnel or obtain foreign currency.
- Iranian President Masoud Pezeshkian recently admitted the Islamic Regime faces its "most severe crisis since the 1979 revolution," citing unprecedented pressure on energy facilities and factories.
- While U.S. officials claim proxy funding for Hezbollah is being cut, experts warn the pressure campaign lacks full international coordination; observers suggest economic strain may push the Supreme Leader toward a deal.
22 Articles
22 Articles
The head of the United States Ministry of Foreign Affairs, Scott Bessent, stated that because of Washington's sanctions, Iran "is not even able to finance its armed forces". "In the context of Operation Economic Outcast, the Iranian regime is running out of means of subsistence, and its agents are under pressure.
The US Treasury Secretary claimed that US efforts to isolate Iran economically had been "very successful."
Cleveland Jewish News
Trump says Iran’s missile arsenal reduced, drone production hampered
U.S. Treasury Secretary Bessent says Tehran cannot pay its troops, while U.S. Ambassador to Israel Huckabee says only Trump and Israeli Prime Minister Benjamin Netanyahu know whether further military action is coming.
President Donald Trump said this Wednesday during a rally in Ohio that Iran’s regime is having serious difficulties manufacturing drones due to a lack of electricity, arguing that such disruption is affecting the country’s ability to produce weapons even though they still have missiles. “Their missiles are still there, although there are still many fewer. The drones they manufacture are having difficulties because they can no longer get electric…
Treasury Secretary says US economic sanctions on Iran 'very successful'
Treasury Secretary says US economic sanctions on Iran 'very successful' US Treasury Secretary Scott Bessent said on Wednesday that US efforts to isolate Iran’s economy have been “very successful”. “For the first time since Iran started producing oil, they have no barrels of oil on the water”, he said in an interview with CNBC, claiming that internal estimates show Iran’s economy contracting by as much as 25 percent from March 2025 to March 2026…
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