US Treasury chief says blockade could force Iran to cut oil output, causing $170 million daily losses

US Treasury Secretary Scott Bessent stated that a blockade could force Iran to cut oil output, resulting in $170 million daily losses. President Donald Trump claimed that Iran has been 'militarily defeated' as the country's oil sector nears capacity under US pressure.
US Treasury Secretary Scott Bessent said Iran's oil sector is nearing capacity under mounting US pressure. President Donald Trump claims Iran has been 'militarily defeated.' A blockade could force Iran to cut oil output, causing $170 million daily losses. The US pressure is mounting on Iran's oil sector.
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