Washington, April 29 -- US Treasury Secretary Scott Bessent has stated that Kharg Island, the primary oil export terminal for Iran, is reaching its maximum storage limits. In a social media post, Bessent suggested that this saturation could compel Tehran to scale back its petroleum output, potentially resulting in daily revenue deficits of up to USD 170 million and inflicting lasting harm on the nation's energy infrastructure.

Detailing the broader economic strategy, Bessent noted that the Treasury Department is intensifying financial restrictions through "Operation Fury." This initiative specifically targets Tehran's "international shadow banking infrastructure, access to crypto, shadow fleet, weapons procurement networks, funding for t...