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Bessent Warns Iran May Run Dry in Two Weeks

Guavy AI Editorial Team
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US Treasury Secretary Scott Bessent has warned that Iran may be left with no oil to trade within two weeks. Speaking on Fox News' Sunday Morning Futures, Bessent stated that Tehran is completing its remaining oil deliveries to China and will have 'nothing left to trade for anything.'

Bessent estimated that only about 15 million barrels of Iran's oil remain out for delivery as the US blockades the ports.

The Secretary claimed that between 15 million and 22 million barrels of oil are now moving through the Strait of Hormuz each day, compared to about 20 million before the conflict. This marks a significant decrease in oil shipments.

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