Iran will soon lose extra $170m per day in oil revenue, claims US
Scott Bessent has claimed Iran will lose an additional $170m (£126m) revenue per day when Kharg Island reaches its maximum storage capacity.
The US treasury secretary said Washington’s Operation Economic Fury was causing “permanent damage to Iran’s oil infrastructure”, including Kharg Island, which is responsible for around 90 per cent of the country’s fuel exports.
He also claimed inflation had doubled in the Islamic Republic, writing in a statement 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.”
www.telegraph.co.uk/world-news/2026/04/29/iran-us-war-live-trump-orders-extended-blockade-iran/