Iran's Oil Lifeline Dries Up as Treasury Secretary Predicts Complete Trade Collapse Within Two Weeks

Treasury Secretary Scott Bessent predicted Sunday that Iran will complete its remaining oil shipments to China within two weeks, leaving Tehran with 'nothing left to trade for anything.' The prediction comes as the US imposes increasingly strict sanctions on Iranian oil exports, which are seen as a vital source of revenue for the Iranian government. As a result, Bessent warned that Iran's economy is facing significant hardship and its international trade relationships will be severely impacted. With no viable alternative, Iran's options for generating foreign exchange appear to dwindle rapidly.