US Treasury Secretary says Iran oil industry "creaking" under blockade; projects USD 170 million daily loss
▼ BEARISH Chinanationalnews April 29, 2026 · 04:29 UTC

US Treasury Secretary Reports Iran Oil Industry Suffering Under Blockade

According to the US Treasury Secretary, the Iranian oil industry is experiencing significant strain due to the ongoing blockade, resulting in an estimated daily loss of USD 170 million.

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News: The US Treasury Secretary stated that the Iranian oil industry is "creaking" under the pressure of the blockade, and projects a daily loss of USD 170 million.

AI Analysis: This indicates a significant negative impact on Iran's economy and oil revenue, potentially leading to further economic instability.

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This content is automatically generated from public news sources. This is not financial advice.

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