Scott Bessent predicts Iran will be unable to develop a nuclear weapon and will face significant economic isolation.
Scott Bessent stated that the United States intends to asphyxiate Iran’s ruling establishment through a pressure campaign called "Operation Economic Outcast." This campaign combines a naval blockade and expanded sanctions to restrict Iran’s oil exports and cut a key source of government revenue.
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Bessent noted that China has approximately 30 million barrels of Iranian crude oil left to purchase, which will run out soon. Bessent also stated that the Strait of Hormuz will become irrelevant to the oil industry within two years as oil-producing countries develop alternative pipeline routes. He rejected the claim that Iran controls the waterway, asserting that the United States is in control of the strait. In response to the conflict, Iran’s Economy Ministry established an "economic war" command center to coordinate and accelerate responses to economic problems. Deputy Economy Minister Morteza Zamanian said the center will initially focus on problems affecting businesses, trade, and financing. Bessent predicted that the conflict will end with a safer world where Iran cannot develop a nuclear weapon.