Treasury Secretary Bessent Says Iran Has Two Weeks of Trade Left
Bessent said only about 15 million barrels remain for delivery as U.S. pressure pushes Tehran back toward talks.
- On Sunday, Treasury Secretary Scott Bessent told Fox News that Iran's remaining oil exports to China will conclude within two weeks, leaving Tehran with "nothing left to trade for anything."
- Operation Economic Outcast continues to isolate Iran, with Bessent noting the regime is "feeling the pressure" and showing renewed interest in negotiating a deal to escape its status as a "pariah state."
- President Donald Trump rejected Iran's proposal to reopen the Strait, demanding nuclear concessions instead, while Tehran seeks a deal centered on lifting the naval blockade.
- Brent crude futures rose 3.60% to $100.93 per barrel, while WTI crude futures increased 4.20% to $96.28 per barrel, reflecting market reaction to the ongoing uncertainty.
- Iranian Parliament Speaker Mohammad Bagher Ghalibaf reaffirmed Tehran's claim of control over the Strait, pointing to elevated oil prices as evidence of Iran's continued influence over the key waterway.
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According to the US Treasury Secretary, Iran currently has about 15 million barrels of oil being transported by sea.
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…
U.S. Treasury Secretary Scott Bessent claimed that Iran has approximately 15 million barrels of oil at sea destined for China, arguing that Tehran will have "nothing left to trade" in about two weeks. Bessent asserted that Washington's economic sanctions and naval blockade are increasing pressure on Iran, while indirect negotiations between Iran and the U.S. continue.
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