The US continues to ramp up economic pressure on Iran, which may lead to a halt in oil production in the country in the coming weeks. The reasons for this are financial restrictions, asset freezes, and actions by the US Navy in the region.
This is reported by Finway
Sanctions and Blockades Complicate Iran’s Economy
US Treasury Secretary Scott Bessent reported that President Trump has instructed the department to apply “economic fury” against the Iranian regime. According to Bessent, the US authorities are acting as aggressively as possible, blocking Iran’s financial flows, tracking offshore assets, and controlling attempts to transfer funds that may be linked to the Islamic Revolutionary Guard Corps.
“We are choking the regime, and they are unable to pay their soldiers,” Bessent stated, describing the sharp increase in pressure. The US, he said, is operating “at full capacity,” blocking Iran’s economy.
Some of the foreign assets of Iranian entities have already been tracked. The Secretary emphasized that these funds will remain under US control and will be returned to the Iranian people after the conflict is resolved.
Iran’s Oil Infrastructure on the Brink of Shutdown
Bessent noted that the condition of Iran’s oil infrastructure is deteriorating: storage facilities are filling up quickly, and as a result, the country will be forced to close wells within the next week. This situation, in the minister’s opinion, could affect the decline in global oil prices, as hundreds of tankers are waiting to exit the Persian Gulf.
It is worth noting that the Strait of Hormuz has been blocked for two months – since the beginning of the US-led war against Iran. Additionally, since April 13, the United States has imposed a maritime blockade on Iranian ports, intensifying pressure on Tehran.