AI Image
Iran's economy will have 'nothing' left 'within two weeks,' Scott Bessent warns
New York Post • • nation
Key Points:
- Treasury Secretary Scott Bessent warned that Iran's economy will have "nothing to trade" within two weeks after it completes its final oil deliveries, signaling severe economic desperation.
- The US has intensified sanctions and blockades under Operation Economic Outcast, targeting foreign entities doing business with Iran, aiming to isolate the regime further.
- Despite Iran's proposal for a ceasefire involving unfreezing $12 billion in assets and lifting sanctions, President Trump rejected the deal, maintaining that the Strait of Hormuz remains open and oil flow continues.
- The US military is escorting ships through the Strait of Hormuz to ensure the security of oil shipments amid Iran's intermittent attacks, which have disrupted nearly 20% of the world's seaborne oil supply.
- Bessent emphasized that Iran is isolated and must comply with any future agreements, contrasting with its failure to adhere to the previous Memorandum of Understanding.
