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Treasury Secretary Scott Bessent stated Sunday that Iran will likely have no remaining oil to export within two weeks due to the U.S. economic sanctions. He claimed that only about 15 million barrels of Iranian crude remain en route to China, with deliveries expected to cease soon. Bessent emphasized that this pressure is isolating Iran economically and forcing them to seek a new deal with the Trump administration, though President Trump rejected their latest proposal as insufficient.
Written locally by qwen2.5:14b on 2026-09-28,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
Treasury Secretary Scott Bessent predicted on Sunday that Iran will complete its remaining oil shipments to China within two weeks, after which Tehran will have "nothing left to trade for anything," as reported by Fox News and the New York Post. With only about 15 million barrels of Iranian oil still out for delivery, Operation Economic Outcast—a U.S.-led initiative aimed at isolating Iran economically—has significantly reduced the regime's ability to conduct business internationally. Bessent believes that this economic pressure is making Iran more desperate for a deal with the United States. President Donald Trump acknowledged interest in further talks but emphasized that Tehran needs to offer a better agreement than what was proposed previously, stating they have "overplayed their hand."
Written for “Iran Economy Collapse Threats” on 2026-10-05,
grounded in this article and the 1 other(s) covering the same event.
Treasury Secretary Scott Bessent predicted Sunday that Iran will complete its remaining oil shipments to China within two weeks, leaving Tehran with "nothing left to trade for anything" as the Trump administration intensifies its economic pressure campaign against the regime.
asserted
administration → predict → regime
Bessent said only about 15 million barrels of Iranian oil remain out for delivery now that the U.S. is blockading the ports, describing the dwindling shipments as evidence that Operation Economic Outcast has left Tehran economically isolated.
asserted
Outcast → say → Tehran
"They will have nothing to trade for anything, probably within the next two weeks.
asserted
They → trade → weeks
They are going to make their final deliveries of oil to China, and then they will have nothing," he said.
asserted
he → go → nothing
The Treasury chief said he believed Iran was "feeling the pressure," leading to their renewed interest in striking a deal.
asserted
Iran → say → deal
President Donald Trump rejected Tehran's latest proposal on Saturday, telling Axios on Sunday that "they overplayed their hand.
asserted
they → reject → hand
"
"I expect more talks with Iran [this week]," Trump told the outlet during a phone interview.
asserted
Trump → expect → interview
"They want to make a deal, but it is not the deal that I want to make.
asserted
I → want → that
It is what we would have maybe agreed to a year ago.
asserted
we → agree → what
They overplayed their hand."
asserted
They → overplay → hand
Tehran had offered to reopen the Strait of Hormuz, a highly trafficked waterway in the region that is critical to global oil shipping.
asserted
that → offer → shipping
Bessent said it's already open.
asserted
it → say → ?
We're averaging now 15 to 22 million barrels a day.
asserted
We → average → barrels
So think of it this way, Larry," he said.
asserted
he → think → it
"The score is the United States, one billion — more than one billion barrels have gotten out — Iran, zero.
asserted
barrels → get → ?
The point of Operation Economic Outcast is to ensure that Iran adheres to the terms of a potential future deal, Bessent added.
asserted
Bessent → ensure → deal
"They are isolated from the world.
asserted
They → isolate → world
And my job is to make sure that, when they come with a deal, that they want to stick to it.
asserted
they → make → it
They did not stick to the MOU [Memorandum of Understanding].
asserted
They → stick → Understanding
And, next time, if there is a deal — that's at President Trump's discretion — that they will stick to it, because they are on their knees.
asserted
they → be → knees
Fox News Digital's Stephen Sorace contributed to this report.
asserted
Sorace → contribute → report
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