We Have Decimated Every Layer of Iran’s Oil Lifeline

Treasury launched Operation Economic Outcast to tighten the noose and block every potential source of revenue that funds the IRGC and murderous Iranian regime. Less than two months later, we have decimated every layer of Iran’s oil lifeline. Its shadow tanker fleet stands depleted. Its main oil terminal sits empty. And its offshore reserves are now exhausted. Meanwhile, ordinary Iranians continue to endure a deepening economic crisis because the regime squanders its resources on violence and terrorism abroad instead of the prosperity of its people at home. As President Trump takes action that his predecessors long deferred, the United States is no longer managing the Iranian threat. We are ending it.

— Treasury Secretary Scott Bessent (@SecScottBessent) October 23, 2026

… depleted. Its main oil terminal sits empty. And its offshore reserves are now exhausted. Meanwhile, ordinary Iranians continue to endure a deepening economic crisis because the regime squanders its resources on violence and terrorism abroad instead of the prosperity of its people at home.

As President Trump takes action that his predecessors long deferred, the United States is no longer managing the Iranian threat. We are ending it.