Scott Bessent Says Iran Could Have ‘Nothing Left to Trade’ in 2 Weeks as Oil Shipments to China Wind Down: 'The Score Is…'
Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. Bessent, in an interview with Fox News on Sunday, revealed that only approximately 15 million barrels of Iranian oil remain for delivery due to the ongoing U.S. port blockade. The Treasury Secretary anticipates that once the final oil consignments to China are dispatched, Iran will have “nothing left to trade for anything,” signifying the effectiveness of Operation Economic Outcast. Bessent also mentioned that Iran is “feeling the pressure,” leading to their renewed interest in negotiating a deal. Iran proposed to reopen the Strait of Hormuz, but Bessent stated that the Strait is already open, with a daily average of 15 to 22 million barrels being shipped. He stressed that Iran is currently “isolated from the world” and is a “pariah state.” “The score is the United States, one billion — more than one billion barrels have gotten out — Iran, zero,” Bessent stated. Read Also: Mark Kelly Says Trump Is 'Stuck' in Iran War With No 'Exit Strategy': This Thing Has Been a 'Disaster Iran, Trump Clash Over Deal Terms Ira
Treasury Secretary Scott Bessent predicted that Iran’s remaining oil exports to China will conclude within the next two weeks, effectively leaving Iran in economic isolation. S. port blockade. The Treasury Secretary anticipates that once the final oil consignments to China are dispatched, Iran will have “nothing left to trade for anything,” signifying the effectiveness of Operation Economic Outcast.
Bessent also mentioned that Iran is “feeling the pressure,” leading to their renewed interest in negotiating a deal. Iran proposed to reopen the Strait of Hormuz, but Bessent stated that the Strait is already open, with a daily average of 15 to 22 million barrels being shipped. ” “The score is the United States, one billion — more than one billion barrels have gotten out — Iran, zero,” Bessent stated. S.
and Israel, with Foreign Minister Abbas Araqchi saying progress on reopening the Strait of Hormuz depends on conditions set by Tehran. S. negotiators are expected to hold further talks with Iran this week. S.
would have considered a year ago. S. naval blockade, the Trump administration is seeking nuclear concessions from Iran, as per the report. The Treasury chief told Fox News that Iran was "feeling the pressure" and had renewed interest in reaching a deal.
Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf reaffirmed Tehran’s claim of control over the Strait of Hormuz, challenging the Trump administration’s narrative. In a post on X, he pointed to elevated oil prices and premiums since the war began as evidence that markets recognize Iran’s influence over the key waterway. 28 per barrel. 74%, respectively, as per Pro.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Read Also: Iran's Abbas Araghchi Vows to 'Forge' Peace, Warns Tehran Is 'Fully Prepared' for War: Brent Tops $105 After Trump Rejects Hormuz Deal Image via USA TODAY Network Connect