US Treasury Chief Cites Iran Oil Halt and Currency Slump as Results of Economic Campaign

US Treasury Secretary Scott Bessent said Monday that Iran had loaded no crude oil onto tankers over the past month, citing the halt as a result of Washington’s campaign to isolate the country economically.

Bessent also said the Iranian rial had fallen to record lows, presenting the currency’s decline as another sign of the campaign’s impact.

He attributed both developments to the US operation known as “Economic Outcast,” which seeks to deepen Iran’s economic isolation.

His remarks focused on oil shipments and the exchange rate as measures of the operation’s effects. The figures and currency assessment were presented as US claims, with no independent verification provided in the announcement.