Politics
US Treasury Chief: Iran Oil Exports Halted as G7 Agrees to Release 100 Million Barrels
October 3, 2026 at 03:03 PM · Updated 13d ago
Coverage
3 reports
BABBC Arabic
مضيق هرمز: صادرات النفط تلامس مستويات ما قبل الحرب من جديد، ما هي الأسباب؟
(opens the publisher’s site)
MAMasrawy
وزير الخزانة الأمريكي: إيران لم تتمكن من تصدير برميل نفط عبر هرمز منذ أسبوع
(opens the publisher’s site)
SNSky News Arabia
بيسنت: إيران بلا شحنات نفطية هذا الأسبوع.. ولا إيرادات
(opens the publisher’s site)Treasury Secretary Scott Bessent said Iran will ship no oil through the Strait of Hormuz this week, as the G7 agreed to release 100 million barrels from reserves.
- Bessent said Iran will have no oil shipments at sea this week and earn no revenue, a first since it began petroleum exports.
- Bessent said Washington facilitated the passage of 1.1 billion barrels through the Strait of Hormuz while Iran shipped none.
- Bessent said the United States has moved from direct military operations to imposing a blockade on Iran.
- G7 leaders agreed to release 100 million barrels of diesel and crude oil from strategic reserves over four months.
- Middle East crude exports recovered to about 92% of pre-war levels, with 12 million barrels per day crossing the Strait of Hormuz in late September.