US Treasury says sanctions and naval blockade have crippled Iran's economy

A new US Treasury report finds the naval blockade, comprehensive sanctions, and blocked land routes have crippled Iran's economy and increased pressure on the regime.

• Trump met Thursday with senior national security and foreign policy aides to discuss the war.
• The US Treasury reported Iran has loaded no oil since August 25, with the rial losing a quarter of its value and hitting a record low in October.
• A US official said Treasury Secretary Scott Bessent assures Trump the pressure campaign is bearing fruit and may push Iran's Supreme Leader to accept a deal.
• The Treasury said thousands of trucks face up to 20-day delays at Turkey's border as Iran attempts to reroute trade overland.