US intensifies economic pressure on Iran through the oil sector – Bessent
Kyiv • UNN
US Treasury Secretary Scott Bessent announced the final stage of sanctions against Iran. Due to the restrictions, Tehran has already begun to reduce oil production.
U.S. Treasury Secretary Scott Bessent stated that Washington is increasing economic and financial pressure on Iran, particularly through restrictions on its oil sector. This was reported by Bloomberg, according to UNN.
Details
According to Bessent, the U.S. has been gradually increasing sanctions pressure over the past year and is now moving into the final stage.
"We have run a marathon over the last 12 months, and now we are sprinting to the finish line. They (Iran - ed.) cannot pay their soldiers. This is a real economic blockade,"
Pressure on oil infrastructure
Bessent noted that U.S. actions are aimed at restricting Iran's key source of revenue – oil exports. According to him, due to the accumulation of stockpiles, the country may soon face the necessity of shutting down part of its production.
"Their oil infrastructure is starting to creak. It hasn't been maintained again because of our multi-year sanctions,"
He also stated that there is no shipping from the Iranian side through the strait, and the U.S. has tightened control over financial flows to make it impossible to fund the Islamic Revolutionary Guard Corps.
Signs of production cuts
As the agency reported, a high-ranking Iranian official stated that the country has already begun limiting oil production to avoid exceeding storage capacity.
According to him, Tehran is reducing production volumes in advance, without waiting for the reservoirs to be completely filled.
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