US Treasury Secretary: Iran Unable to Ship Crude Oil to China Due to US Sanctions
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U.S. Treasury Secretary Scott Bessant said on Friday (September 4) that Iran has been unable to ship crude oil to China through the Strait of Hormuz since the U.S. reinstated its blockade of Iranian ports. The Treasury Secretary described this development as evidence of increasing economic pressure on Iran. In a post on X, Bessant wrote, “No Iranian crude oil cargo has successfully passed through the Strait of Hormuz to China since the U.S. rein…
U.S. Treasury Secretary Scott Bessant said on Friday (September 4) that Iran has been unable to ship crude oil to China through the Strait of Hormuz since the U.S. reimposed its blockade on Iranian ports. The Treasury Secretary described this development as evidence of increasing economic pressure on Iran.
US Treasury Secretary Scott Biscant said that no Iranian oil shipments had been made through the Strait of Hormuz to China since the re-establishment of the blockade, pointing out that the lifeline of Iranian oil exports was being cut. Iran could not replenish its oil stock as it was piled up on ships stuck in the Strait, while its oil revenues were falling rapidly.
U.S. Treasury Secretary: Iran cannot renovate its oil stock while leaving the cargo on a tanker stuck in the Strait of Hormuz...
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