Washington Announces Historic Halt to Iranian Offshore Oil Shipments This Week

U.S. Treasury Secretary Scott Bessent announced that Iran will have zero offshore oil shipments this week, calling it a historic first. Speaking to American media outlets, Bessent stated that the United States facilitated the transit of approximately 1.1 billion barrels of crude through the Strait of Hormuz, while Tehran failed to move a single barrel. He affirmed that Washington is actively isolating Iran in an unprecedented manner through sustained pressure on its energy industry. Concurrently, U.S. President Donald Trump indicated that the confrontation with Iran will conclude soon, reiterating that a nuclear-armed Tehran remains unacceptable. Trump added that previous administrations should have addressed the issue earlier, noting that Iran currently lacks a navy, air force, radar systems, and air defenses. He emphasized that the country's economy is struggling, remarking that severe inflation is the only thing Iran possesses right now.