U.S. Treasury Secretary Scott Bessent linked the absence of oil loadings and a record-low Iranian currency to the U.S. operation called Economic Outcast. He made the claim in a post on X on October 5.
U.S. Treasury Secretary Scott Bessent said on Monday, October 5, that Iran loaded no oil onto tankers last month and that the Iranian currency had fallen to historically low levels. He attributed the situation to the effects of the U.S. operation called Economic Outcast.
In a post on X, Bessent also said a senior Iranian security official had acknowledged that the country was facing one of the most challenging periods in its history. The Treasury secretary said the operation would continue until Iran’s leadership understood that the Trump administration would not allow the financing of terrorism or the development of nuclear weapons.