US Treasury Secretary Bessent said Iranian main oil loading terminals that had been crowded with tankers are now seeing no crude carriers. He said Kharg Island has effectively become a monument and that economic isolation measures are severing the regime’s oil lifeline, denying resources used to finance terrorism, procure nuclear-related material and sustain luxury for IRGC elites.

2026-10-22

US Treasury Secretary Bessent said Iranian main oil loading terminals that had been crowded with tankers are now seeing no crude carriers. He said Kharg Island has effectively become a monument and that economic isolation measures are severing the regime’s oil lifeline, denying resources used to finance terrorism, procure nuclear-related material and sustain luxury for IRGC elites.