Bessent Iran oil blockade working
by Flint: Scott Bessent
Bessent's read: Iran's shadow tanker fleet has run dry. The blockade from Trump and Hegseth did it, per WSJ. At the start of the conflict, around 135 million barrels sat on tankers off Malaysia and Singapore, reportedly sold quietly to China for billions. Under a million barrels by Oct 5. Now zero. CENTCOM says the blockade has cost Iran at least $25 billion in oil revenue. Oil is 30-40% of the regime's government revenue and its currency has lost a third of its value since July. Treasury has mapped every node, facilitator and network Iran uses to smuggle oil and dodge sanctions. From here, the noose tightens on every revenue source funding the IRGC. Zero-leakage approach, no breathing space to rebuild. Nations still financing the Iranian threat off the assumption they can evade this should know their options are getting foreclosed. Bessent says maximum pressure is working and this was the plan #ScottBessent
Transcript (en)
economic outcast to foreclose every other option available to the Iranian regime. Treasury has mapped every node, every facilitator, and every network that Iran has used to smuggle oil and evade sanctions. Beginning today, the actions of Treasury and other agencies will tighten the noose and block every potential source of revenue that funds the IRGC and the evil Iranian regime. We are enforcing a zero-leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world. The final refuge of this regime is the mistaken conclusion of nations that still finance the Iranian threat in the hopes of evading it.
