US Treasury Secretary Says Iran Could Run Out of Oil to Trade Within Two Weeks
US Treasury Secretary Scott Bessent says Iran could have little left to trade within two weeks after completing its remaining oil deliveries. He said about 15 million barrels of Iranian oil were still at sea and expected to be delivered mainly to China. Bessent argued that tighter US restrictions were increasing pressure on Tehran to accept a deal. Iran has proposed a seven-day ceasefire that would reopen the Strait of Hormuz in exchange for the release of frozen assets, an end to the blockade and reduced sanctions. President Donald Trump rejected the proposal, according to the report. The Strait of Hormuz has faced disruptions since early March, affecting a key route for global seaborne oil supplies.
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