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

“US Treasury chief says Iran’s oil industry is 'starting to shut' US Treasury Secretary Scott Bessent said Washington would intensify economic pressure on Iran, warning that the country’s oil sector is under strain due to the US blockade. Bessent wrote in a post on X: "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!" Earlier, Bessent had warned that companies providing services to Iranian airlines could face sanctions under what he described as “Economic Fury”. He said the United States would take action against third parties facilitating business with Iranian entities as part of its broader pressure campaign. 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! https://t.co/Czgy9VsHBO — Treasury Secretary Scott Bessent (@SecScottBessent) April 27, 2026

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