The US is stepping up economic pressure on Iran and expects oil production to fall
Scott Bessent said in an interview with Fox News that Donald Trump’s administration is stepping up economic measures against Iran. According to him, the president has instructed the Treasury Department to adopt an approach he described as ‘economic fury’.
Bassent noted that the US is stepping up financial pressure by restricting Iran’s economic capabilities. He stated that the country is facing difficulties in financing its military.
The minister also reported on the tracking of Iran’s financial networks, in particular offshore assets and money transfers that may be linked to the Islamic Revolutionary Guard Corps. Some of these assets, he said, have already been identified.
“They have been stealing from the Iranian people for years. They have money abroad. We have tracked it down. We will continue to track it, and we will preserve these assets for the Iranian people once the conflict is over,” said Bessent.
He also drew attention to the state of Iran’s oil infrastructure. According to him, storage facilities are filling up rapidly, and this could lead to the need to shut down wells in the near future.
Bessent suggested that this situation could affect global oil prices, as, he said, a significant number of tankers have accumulated in the Persian Gulf, waiting to leave.
The Strait of Hormuz, through which significant volumes of oil pass, has remained closed for two months since the start of the US-led war against Iran.
Since 13 April, the US has also imposed a naval blockade on Iranian ports.
