January 1, Trump’s Iran Blockade Working — Regime ‘Suffocating’ as Oil Wells Face Imminent Shutdown

Wyatt’s Take

• Trump’s Treasury chief confirms economic warfare is choking Iran — regime can’t even pay its own soldiers anymore.
• Naval blockade + asset freezes = real consequences, not the weak Obama-era appeasement we suffered through for years.
• Iran’s oil infrastructure collapsing under pressure — wells may shut down within days, prices could drop as supply floods back.

Treasury Secretary Scott Bessent said Sunday the U.S. is “suffocating” Iran’s regime using escalating financial pressure, frozen assets and a naval blockade. He predicted that oil prices could fall as more non-Iranian supply reaches the market.

Bessent said President Donald Trump ordered the Treasury to implement “economic fury” upon Iran. The U.S. is closely monitoring Iranian financial networks, offshore assets and any attempts to move money into the country to aid the Islamic Revolutionary Guard Corps (IRGC), he said.

“The way to think about that [economic fury] — we were running a marathon over the past 12 months, and now we are sprinting towards the finish line… We are suffocating the regime, and they are not able to pay their soldiers.”

Bessent said the U.S. had “all hands on deck,” blockading Iran in a very literal sense with the Navy and economically by cracking down on the IRGC, which he called a “corrupt institution.”

“They’ve been stealing from the Iranian people for years. They have money offshore. We’ve tracked that down. We will continue to track that down, and we’re going to preserve those assets for the Iranian people on the other side of this conflict.”

Iran’s oil infrastructure is deteriorating, he added. Storage is rapidly filling, and the regime may have to begin shutting in wells “in the next week.”

He predicted this would lead to lower oil prices, pointing to the futures market, which shows that “oil prices are already lower three months, six months, nine months out.” He claimed there are “hundreds of oil tankers waiting in the Gulf to come out.”

Some Gulf states also assisted the U.S. in tracking down Iranian financial assets after the regime bombed their neighbors, a move Bessent described as a significant miscalculation.

This is the kind of leadership that actually gets results. No weak apologies, no pallets of cash flown to terrorists in the dead of night. Just American strength, American resolve, and American interests put first.

The regime in Tehran spent decades terrorizing its neighbors, funding proxy wars, and threatening our allies. Now they’re scrambling to pay their own troops while their oil wells go dark. That’s what happens when you face a president who won’t back down.

Why It Matters

For too long, hardworking Americans watched their tax dollars fund weakness abroad while gas prices soared at home. Trump’s approach flips the script — maximum pressure on our enemies, relief at the pump for families trying to make ends meet. That’s putting America first, plain and simple.