Treasury Secretary Bessent Predicts Iran Economy Collapse in Two Weeks

In a Fox News interview, Bessent explained that only 15 million barrels of Iranian oil remain en route to China, after which Tehran will have nothing left to trade amid mounting pressure. Iranian President Masoud Pezeshkian confirmed funds in China are blocked and hard to access, while U.S. officials note Beijing has cut aid.

Oil prices have climbed with Brent crude over $100 a barrel, though some question the timeline based on past predictions, as the Trump administration pushes harder economic measures.