US Treasury chief says Iran’s oil industry is 'starting to shut'

Treasury Secretary Scott Bessent warns Iran’s oil production is collapsing under renewed U.S. blockade, with gasoline shortages imminent. | Contesto: cronaca

Punti chiave

• US Treasury chief says Iran’s oil industry is 'starting to shut'

Contesto

U.S. Treasury Secretary Scott Bessent declared Sunday that Iran’s oil industry is “starting to shut” under the weight of an intensified American blockade, warning that the country’s petroleum output is on the verge of collapse and that gasoline shortages will follow. In a post on X, Bessent wrote: “While the surviving IRGC Leaders are trapped like drowning rats in a sewage pipe, Iran’s creaking oil industry is starting to shut in production thanks to the U.S. BLOCKADE. Pumping will soon collapse. GASOLINE SHORTAGES IN IRAN NEXT!” The statement marks the Biden administration’s most aggressive public assessment of the economic pressure campaign against Tehran. Bessent’s remarks came as part of a broader escalation in U.S. economic warfare targeting Iran’s energy sector and its Islamic Revolutionary Guard Corps. The Treasury chief earlier warned that companies providing services to Iranian airlines could face sanctions under what he termed “Economic Fury,” signaling that the United States will take action against third parties facilitating business with Iranian entities. The administration’s strategy appears aimed at crippling Iran’s primary revenue stream—oil exports—which have already been constrained by existing sanctions and shipping disruptions. The timing of the announcement is significant. Iran has been grappling with chronic fuel shortages and inflation, and any further reduction in oil output could exacerbate domestic unrest. Analysts have noted that Tehran relies heavily on oil revenues to fund its proxy networks and nuclear program, making the sector a critical target for Washington. Bessent’s reference to the IRGC suggests the campaign is also intended to weaken the paramilitary force that has been a key pillar of the regime’s power. Critics, however, question the veracity of Bessent’s claims. Independent data on Iran’s oil production remains opaque, and some experts argue that Tehran has found ways to circumvent sanctions through clandestine ship-to-ship transfers and sales to China. The Treasury’s use of inflammatory language—comparing IRGC leaders to “drowning rats”—also raises questions about the administration’s diplomatic approach, which some see...

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Categoria: cronaca