Bessent says Iran's rial has fallen to record lows under 'Operation Economic Outcast'
Treasury Secretary Scott Bessent says Iran's currency has dropped to record lows and that Iran loaded no crude oil onto tankers last month, though the claims come from his own post and are not independently confirmed here.
What we know
- Treasury Secretary Scott Bessent said in a post on X that the Iranian rial has fallen to record lows. [1]
- Bessent said Iran loaded no crude oil onto tankers last month. [1]
- Bessent said Iran's top security official has acknowledged the country is going through one of the most difficult periods in its history. [1]
- Bessent called the effort "Operation Economic Outcast" and said it will continue until Iran's government understands that the Trump Administration will never allow it to fund terrorism and develop a nuclear weapon. [1]
- Not yet confirmed: The post gives no data for the rial's exchange rate or for Iranian oil loadings, and it does not name the security official or quote the remarks. None of these claims has been independently verified. The post does not describe what measures make up the operation.
Treasury Secretary Scott Bessent said the operation he calls "Operation Economic Outcast" is producing results against Iran, according to a post on X on Oct. 5. [1]
Bessent wrote that Iran's currency, the rial, has dropped to record lows. He also said Iran put no crude oil on tankers last month. [1]
Bessent said Iran's top security official has admitted the country faces one of the most difficult periods in its history. The post does not name the official or give the original remarks. [1]
Bessent accused the Iranian government of letting its people suffer while directing resources to terrorism. That is Bessent's characterization, and the post offers no evidence for it. [1]
Bessent said the operation will continue until the Iranian government understands that the Trump Administration will never allow it to fund terrorism and develop a nuclear weapon. [1]
The post does not include exchange-rate figures, export data or details of what the operation involves. The claims have not been independently confirmed.