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Bessent says Iran oil shipments to China will end within two weeks
Fox News • • nation
Key Points:
- Treasury Secretary Scott Bessent predicted that Iran will complete its remaining oil shipments to China within two weeks, leaving Tehran with no oil left to trade amid intensified U.S. economic pressure.
- Bessent described the dwindling Iranian oil exports as evidence that Operation Economic Outcast has economically isolated Iran, with only about 15 million barrels left for delivery due to U.S. blockades.
- President Trump rejected Iran’s latest proposal for negotiations, stating that Tehran "overplayed their hand" and that any deal offered was not acceptable to the U.S.
- Despite Iran’s offer to reopen the Strait of Hormuz, Bessent noted the waterway is already open and emphasized the U.S. has successfully prevented significant Iranian oil exports while global oil shipments continue.
- The goal of Operation Economic Outcast is to ensure Iran adheres to any future agreements, with the U.S. aiming to prevent Tehran from reneging on deals as it did with previous memorandums.
