Iran’s Security Chief Blasts Scott Bessent as Crude Oil Prices Remain Volatile: ‘Hormuz Will Not Be Opened by Threats or Pressure’
Iran’s Security Chief Mohsen Rezaee slammed Treasury Secretary Scott Bessent on Tuesday, saying that the U.S.’s economic restrictions on Tehran will not force the reopening of the Strait of Hormuz. Bessent Has No ‘Credibility,’ Rezaee Says In a post on the social media platform X, Rezaee shared a Bloomberg article that questioned Bessent’s forecasts on the housing market, gas prices and more. “Bessent’s delusional forecasts never had any credibility in the first place,” Rezaee said. The Security Chief added that Bessent’s “latest propaganda” will have an “equally short shelf life.” Rezaee then said that the U.S. had lost the “military war” and that it will lose the economic war as well. “Hormuz will not be opened by threats or pressure. Iran will not back down,” he added. Bessent’s delusional forecasts never had any credibility in the first place. His latest propaganda will have an equally short shelf life. You lost the military war. You will fail in the economic war, too. Hormuz will not be opened by threats or pressure. Iran will not back down. pic.twitter.com/KBaCaZvD0F — محسن رضایی (@ir_rezaee) October 6, 2026 Read Also: Trump Says Iran Was Behind Foiled Flydubai Attack, But JD
’s economic restrictions on Tehran will not force the reopening of the Strait of Hormuz. Bessent Has No ‘Credibility,’ Rezaee Says In a post on the social media platform X, Rezaee shared a Bloomberg article that questioned Bessent’s forecasts on the housing market, gas prices and more. “Bessent’s delusional forecasts never had any credibility in the first place,” Rezaee said. S.
had lost the “military war” and that it will lose the economic war as well. “Hormuz will not be opened by threats or pressure. Iran will not back down,” he added. Bessent’s delusional forecasts never had any credibility in the first place.
His latest propaganda will have an equally short shelf life. You lost the military war. You will fail in the economic war, too. Hormuz will not be opened by threats or pressure.
Iran will not back down. com/KBaCaZvD0F — محسن رضایی (@ir_rezaee) October 6, 2026 Read Also: Trump Says Iran Was Behind Foiled Flydubai Attack, But JD Vance Isn’t Convinced — ‘I Wouldn’t Say I’ve Seen Anything Conclusive Just Yet’ Bessent Mocks Iran Oil Minister Taking to X, Bessent doubled down on his criticism of Iran after the country’s oil minister Mohsen Paknejad resigned following allegations about unpaid oil revenues. “Iran has a new oil minister,” Bessent said, before pointing to comments he made last week about Iran not being able to move oil following restrictions from Operation Economic Outcast. ” Bessent asked in his post.
Iran has a new oil minister. Considering Iran has not loaded a single barrel of crude onto a vessel since August 25th, what is the oil minister managing? — Treasury Secretary Scott Bessent (@SecScottBessent) October 6, 2026 Notably, provisional data from industry tracker Kpler showed that the flow of oil through the Strait of Hormuz, as well as the Middle East, had recovered to, and on some days, exceeded pre-war levels. However, attacks on vessels traversing the waterway had also ramped up, according to the United Kingdom Maritime Trade Operations Center (UKMTO).
On the other hand, Goldman Sachs Group Inc. (NYSE: GS ) analyst Nikhil Bhandari said that the investment bank expects Strait of Hormuz traffic to normalize by the second half of 2027 and that crude oil prices would stabilize at around $80/bbl once traffic resumes. 14 at the time of writing this article. 41 at press time.
78. 3685/gallon, according to data collected by the American Automobile Association (AAA). 3653/gallon. 3151/gallon.
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