Bessent Says Iran Nearing Economic Breaking Point As China's Oil Runs Dry
Bessent said U.S. pressure has cut Iranian exports to zero and left about 15 million barrels of oil on the water.
- Treasury Secretary Scott Bessent announced on Fox News' Sunday Morning Futures that Iran will deliver its final oil shipments to China within two weeks, leaving the country with nothing left to trade.
- Bessent outlined Operation Economic Outcast, a layered campaign combining enforcement, blockades, and military strikes that has destroyed 85 to 90 percent of Iran's factories and military infrastructure over six weeks of kinetic activity.
- Iran's rial currency hit a record low on Tuesday, with traders exchanging more than 2.5 million rials per dollar, while CENTCOM redirected 122 commercial ships to enforce the blockade and approximately 15 million barrels of Iranian oil remain on the water.
- Domestic shortages and currency devaluation have intensified inside Iran, leaving citizens facing long gas station lines despite vast oil reserves, prompting Bessent to say Tehran is now feeling pressure to negotiate a deal.
- President Trump expects talks with Iran to resume this week while predicting oil prices will plummet once Iran concedes, as Bessent dismissed reports of Chinese military support for Tehran.
15 Articles
15 Articles
Iran’s Disappearing Oil Is Becoming Everyone’s Problem
Iranian oil is disappearing from the market just as its biggest buyer returns for more. China’s recovering crude demand is colliding with the loss of a supplier that sustained its independent refiners through the crisis, forcing them to compete for increasingly expensive alternatives. The consequences reach beyond China: every replacement barrel tightens supplies for other buyers, while Tehran faces a growing incentive to disrupt the Strait of H…
Bessent Predicts Iran Economic Collapse as Currency Hits Record Low
U.S. Treasury Secretary Scott Bessent said Iran’s economy will soon collapse amid a Trump administration-driven economic campaign that he said has eroded Tehran’s economic capabilities. Predicting that Iran’s economy would collapse “probably in the next two weeks,” Bessent told Fox News on Sunday the country has few commodities to trade. “There are only 15 million more barrels of Iranian oil on the water, then Iran will have nothing left to trad…
Bessent Says Iran Nearing Economic Breaking Point As China's Oil Runs Dry
Treasury Secretary Scott Bessent announced that Iran will deliver its last shipments of oil to China within two weeks, leaving the country with “nothing left to trade.” Bessent discussed the status of U.S. sanctions and trade talks during an appearance on Fox News’ “Sunday Morning Futures” with host Larry Kudlow. He said approximately 15 million […] Bessent Says Iran Nearing Economic Breaking Point As China’s Oil Runs Dry
Bessent sees his role as making sure that next time Iran ‘sticks to the deal’
by WorldTribune Staff, September 28, 2026 Non-AI Real World News The ultimate goal of the Trump Administration’s intense economic pressure campaign is to force Iran into a position where it must adhere to any future agreement, U.S. Treasury Secretary Scott Bessent said. During an interview on Fox News’s Sunday Morning Futures, Bessent detailed the progress […]
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