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CNBC: U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says

The U.S. is deploying sanctions against Iran aggressively for "immediate maximum impact," Bessent told the Economic Club of New York. Trump's goal is to slash Iran's oil exports of 1.5 million barrels per day to a trickle, the Treasury secretary said.


READ MORE: U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says