Summary
- US Treasury Secretary Scott Bessent said "Operation Economic Outcast" is delivering results and hurting Iran's economy.
- He said the Iranian rial has fallen to a record low, showing the US economic pressure campaign against Iran is working.
- He said the US will continue its pressure campaign until Iran stops funding terrorism and pursuing nuclear weapons development.
Forecast Trend Report by Period
US Treasury Secretary Scott Bessent said the US economic pressure campaign against Iran, dubbed "Operation Economic Outcast," is producing results.
Walter Bloomberg reported on October 5 that Bessent said the campaign was proving effective, with Iran's rial falling to a record low.
Bessent also claimed that Iran loaded no oil onto tankers last month.
He said the US would continue its pressure campaign until Iran stops funding terrorism and pursuing nuclear weapons development.
JH Kim
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