Eco
Amid escalating economic measures against Tehran, US Treasury Secretary Scott Bessent stated on Saturday that Iran will have zero offshore oil shipments throughout this week, describing the situation as a historic first. Speaking to American media outlets, Bessent highlighted that the United States successfully facilitated the transit of roughly 1.1 billion barrels of crude through the Strait of Hormuz, during a period when Iran failed to move a single barrel, confirming Washington's unprecedented campaign to isolate Tehran's petroleum sector. Concurrently, US President Donald Trump stated on Saturday that the confrontation with Iran will conclude shortly, reiterating that a nuclear-armed Tehran is unacceptable and noting prior administrations should have acted. Trump added that Iran currently possesses no naval, air, radar, or air defense capabilities, while its suffering economy possesses virtually nothing except rampant inflation.
