— U.S. Treasury Secretary Scott Bessent on Iran:We are running Operation Economic Outcast right now. This is the greatest economic isolation operation in the history of the world. We are going to asphyxiate this regime.
Because of the blockade, the oil is not getting out. So there's probably only about 30 million barrels of Iranian crude oil left that China hasn't bought. So that will run out soon.
There will be no problem with China buying because they have no product. The blockade is working. It's working like nothing we've ever seen.
I can tell you, blockade and sanctions are one of the most powerful one-two punches in the history of economic isolation.
