Bessent predicts Iran's economic collapse 'in the next two weeks'
Bessent said sanctions and flight restrictions are leaving Iran with only about 15 million barrels of oil for delivery, increasing pressure on Tehran to negotiate.
- Treasury Secretary Scott Bessent announced that "Operation Economic Outcast" has successfully isolated Iran, with international partners restricting critical business ties to comply with U.S. sanctions.
- Launched by the U.S. Treasury in August, the whole-of-government campaign targets Iran's oil, financial channels, and aviation providers to systematically dismantle economic lifelines.
- The UAE, Turkey, and Oman halted Iranian airline flights, while Bessent claims Tehran has only about 15 million barrels of oil remaining for delivery.
- Iranian President Masoud Pezeshkian acknowledged the mounting economic pressure but refused to concede, while Supreme National Security Council head Mohsen Rezaei warned of reciprocal airport bans.
- President Donald Trump rejected a recent ceasefire proposal, with analysts expecting military escalation in the West Asia crisis following the U.S. midterms in November.
108 Articles
108 Articles
Iran Will Have ‘Nothing Left to Trade’ Within 2 Weeks, Bessent Says
U.S. Treasury Secretary Scott Bessent testifies during a House Financial Services Committee hearing on the state of the international financial system, on Capitol Hill in Washington on Sept. 15, 2026. (Roberto Schmidt/AFP via Getty Images)
Daily Memo: On US Sanctions on Iran and Withdrawal From Iraq
Ripple effect. A senior U.S. Treasury Department official visited several countries in the Middle East this month to push for stricter restrictions on their financial dealings with Iran, The Wall Street Journal reported. Jonathan Burke, the assistant secretary of the Treasury for terrorist financing, made more than 50 stops in the Middle East (including Oman, […]
MichaelSavage.com – Bessent: Iran Economy Will Have ‘Nothing’ in 2 Weeks
Treasury Secretary Scott Bessent on Sunday said Iran's battered economy could have "nothing" left to trade within two weeks as U.S. sanctions and a blockade choke off Tehran's remaining oil exports. "I am confident, given that there's only 15 million more barrels of Iranian oil on the water, that Iran will have nothing left to…
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