US Treasury secretary Scott Bessent has claimed Iran will lose an additional $170million (£126million) in oil revenues every day when Kharg Island reaches its maximum storage capacity.
Bessent said US intervention was causing ‘permanent damage to Iran’s oil infrastructure’, including Kharg Island.
The island is responsibly for roughly 90% of Iran’s oil exports.
He also claimed inflation has doubled in Iran, writing on social media: ‘The Treasury Department, through Economic Fury, has targeted Iran’s international shadow banking infrastructure, access to crypto, shadow fleet, weapons procurement networks, funding for terrorist proxies in the region, and independent Chinese ‘teapot’ refineries that support Iran’s oil trade.
‘These actions have disrupted tens of billions of dollars in revenue that would be used to fund terrorism. Under the president’s maximum pressure campaign, Tehran’s inflation has doubled and its currency has rapidly depreciated.
‘Kharg Island, Iran’s primary oil export terminal, is soon nearing storage capacity, which will force the regime to reduce oil production, resulting in an additional approximately $170m per day in lost revenue, and causing permanent damage to Iran’s oil infrastructure.’
