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Trump Cracks Down on Iran Oil but Sanctions May Not Stick

OilPrice · Julianne Geiger · last updated
The Trump administration is back on the “maximum pressure” train, and this time, Treasury Secretary Scott Bessent says they’re gunning to slash Iran’s oil exports to a mere 100,000 barrels per day—down from its current 1.5-1.6 million bpd. That would equate to a 90% drop. The announcement sent oil prices slightly higher today as traders mull the likelihood of potential supply disruptions. It sounds bold, except history suggests that Iran’s oil trade is a lot slipperier than Washington would like. The Islamic…
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