🚨 BREAKING: U.S. Warns Iran Oil Operations Could Collapse Amid Blockade Pressure
Scott Bessent said that oil pumping operations in Iran are starting to shut down due to the ongoing blockade, warning that a severe gasoline shortage could emerge if pressure continues.
Analysts note that Iran’s exports have already dropped sharply and storage capacity is filling up, raising the risk that production cuts could damage long-term oil output if the situation persists.
Source: Reuters / U.S. Treasury statements