“U.S. will collapse Iran’s economy by shutting down its oil industry, Treasury secretary says”
March 7, 2025
“President Donald Trump’s sanctions against Iran are designed to shut down the country’s oil industry and “collapse its already buckling economy,” Treasury Secretary Scott Bessent said Thursday.
The U.S. is deploying sanctions against Iran aggressively for “immediate maximum impact,” Bessent told the Economic Club of New York. Trump’s goal is to slash Iran’s oil exports of 1.5 million barrels per day to a trickle, the Treasury secretary said…”