US 'suffocating' Iran with economic blockade, says Treasury Secretary Scott Bessent
Scott Bessent said the measures aim to cut off funding to Iran’s Islamic Revolutionary Guard Corps and keep pressure on Tehran.
- On Sunday, Treasury Secretary Scott Bessent announced the United States is intensifying an "economic blockade" of Iran designed to "suffocate" the leadership and cut funding to the Islamic Revolutionary Guard Corps .
- This initiative, dubbed "Economic Fury," complements Pentagon military operations and builds on President Donald Trump's "max pressure" directive issued last March, creating a coordinated economic and military offensive.
- The U.S. Navy is blocking all ships heading to or from Iranian ports while Iran has restricted most shipping through the Strait of Hormuz, leaving hundreds of oil tankers waiting in the Gulf.
- Oil futures markets already show lower prices three, six, and nine months out, prompting Bessent to express optimism that energy costs will decline significantly after the conflict concludes.
- Prolonged restrictions in the vital energy corridor risk triggering market instability, as critics warn the conflict forces governments and firms to make urgent economic policy decisions amid global supply concerns.
32 Articles
32 Articles
Economic collapse is coming — and the rich are already prepared to profit from it
The Wall Street Journal reports in an article titled “Trump Tells Aides to Prepare for Extended Blockade of Iran” that:“President Trump has instructed aides to prepare for an extended blockade of Iran, U.S. officials said... In recent meetings, including a Monday discussion in the Situation Room, Trump opted to continue squeezing Iran’s economy and oil exports by preventing shipping to and from its ports. …“For now, Trump is comfortable with an …
Iran "suffocating" under economic blockade, oil infrastructure "starting to creak": US Treasury Secretary
US Treasury Secretary Scott Bessent claims the administration is "suffocating" Iran's economy through a naval blockade and financial sanctions. With oil storage "rapidly filling up" and infrastructure starting "to creak," Bessent suggests the regime is nearing a breaking point as it struggles to fund its own military.
Trump's Iran War Caused a Massive Oil Crisis
As yet another day of Trumpian madness unfolds, we are not sure who wins the Doofus of the Day award – the Donald, again, or his unhinged Secy of the Treasury. As it happens, the latter was apparently making a run for the money earlier this morning with this doozy:…
Treasury Sec. Bessent Unleashes Economic Fury Against Iran Regime
Treasury Secretary Scott Bessent’s recent appearance on “Sunday Morning Futures” provided a detailed look at the ongoing economic pressure against Iran and its implications for both the Iranian regime and the U.S. economy. In an exchange with host Maria Bartiromo, Bessent painted a picture of aggressive U.S. policy aimed at crippling Iran through strategic blockades and financial constraints. From the outset, Bartiromo prompted Bessent with a st…
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