Scott Bessent Says Iran Transported 'Zero' Oil Onto Tankers Last Month — Trump’s Sanctions Are Targeting Tehran’s ‘Most Critical’ Revenue Stream
Treasury Secretary Scott Bessent says the President Donald Trump -led Operation Economic Outcast, which focuses on imposing trade restrictions on Iran, has sharply curtailed Tehran’s ability to move oil through tankers, despite top Iranian officials reaffirming control over the Strait of Hormuz. Scott Bessent Says Trump Restricting ‘Critical’ Iranian Revenue Stream In a post on the social media platform X on Thursday, Bessent said that “Iran loaded ZERO crude oil onto tankers in September,” adding that the restrictions imposed by Trump were “cutting off the Iranian regime’s most critical source of revenue.” Read Also: Trump Offers 40M Barrels From US Oil Reserve — But Buyers Aren’t Biting: Global Refining Capacity Is The Problem, Says Top Oil Analyst The Treasury Secretary hailed the Operation Economic Outcast, saying that the move was “severing the economic lifelines that have allowed Tehran to finance its terrorist agenda.” Bessent did not provide additional details about his comments. Iran loaded ZERO crude oil onto tankers in September. The Trump Administration is cutting off the Iranian regime’s most critical source of revenue. Operation Economic Outcast is severing the econom
Treasury Secretary Scott Bessent says the President Donald Trump -led Operation Economic Outcast, which focuses on imposing trade restrictions on Iran, has sharply curtailed Tehran’s ability to move oil through tankers, despite top Iranian officials reaffirming control over the Strait of Hormuz. ” Bessent did not provide additional details about his comments. Iran loaded ZERO crude oil onto tankers in September. The Trump Administration is cutting off the Iranian regime’s most critical source of revenue.
Operation Economic Outcast is severing the economic lifelines that have allowed Tehran to finance its terrorist agenda. ” Read Also: John Thune Says Iran War Has ‘Trumped Everything Else’ as Diesel Prices Surge Above $6 Ahead of Midterms Bessent hailed the move in his post. S. ” The Iranian regime's ability to fund its war machine and inflict terror on the world has been severely diminished thanks to Operation Economic Outcast.
Today’s action directly targets Iran’s enablers and lays the groundwork for the United States and our partners to drain the… — Treasury Secretary Scott Bessent (@SecScottBessent) October 1, 2026 Last month, Bessent had announced a series of restrictions on Iran’s aviation industry, warning that countries and institutions allowing Iranian flights to land would be kicked out of the dollar system. Bessent then said that the restrictions were working, citing an 80% to 90% reduction in flights. S. not daring to move past the Arabian Sea.
S. would eventually be kicked out of the Middle East. Oil Movement Oil ETFs (Exchange-Traded Funds) like the United States Oil Fund (NYSE: USO ) and the ProShares Ultra Bloomberg Crude Oil (NYSE: UCO ) were both down in overnight trading on Thursday. 09.
57. 13 at press time. Read Also: Lara Trump Warns Iran War Could Cost Trump the Midterms — Says Tehran is ‘Absolutely Holding Out’ Until Election Check out more of Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock