US Aims to Cut Iranian Oil Flows by More Than 90%, Bessent Says
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Treasury Secretary Scott Bessent said the US aims to squeeze Iran’s oil exports to less than 10% of current levels as President Donald Trump renews a campaign of “maximum pressure” on Tehran’s nuclear program.
“We are committed to bringing the Iranians to going back to the 100,000 barrels-a-day of oil exports” shipped during Trump’s first term, Bessent said in a Friday interview with Fox Business. The country is exporting 1.5 million-1.6 million barrels per day now, he said.