Bicent: Iran is nearing the loss of its negotiating cards.. "It will have nothing left" in two weeks

Listen to the article. The audio text is automatically generated by a machine system.

U.S. Treasury Secretary Scott Pisent warned that the Iranian economy could reach a stage in about two weeks where it will have "nothing left to trade," noting that Tehran is nearing the delivery of its last remaining oil shipments amid escalating U.S. pressures and sanctions.

Pisent said in an interview with Fox News that about 15 million barrels of Iranian oil are still at sea, predicting that oil deliveries to China will conclude within the next two weeks.

He added: "I am confident that, given there are only 15 million barrels of Iranian oil at sea, Iran will have nothing left to trade for anything."

He continued: "Most likely, within the next two weeks, Iran will conduct its final oil deliveries to China, and after that, it will have nothing. It will be facing a complete void. And I think they feel the pressure, which is why they want to reach an agreement."

Bicent's statements come amid the escalation of U.S. economic pressures on Tehran, following the collapse of the memorandum of understanding with Iran in July, and the subsequent American measures aimed at tightening restrictions on the movement of ships and trade related to Iran.

Bicent announced last month an operation called "Operation Economic Outcast," which focused on intensifying pressure on foreign countries and companies that deal with Iran.

Last week, Iranian officials proposed a seven-day ceasefire, which includes reopening the Strait of Hormuz in exchange for the United States releasing about $12 billion of frozen Iranian assets, lifting the blockade, and easing sanctions.

However, U.S. President Donald Trump rejected the proposal, deeming it unacceptable.

Regarding the Strait of Hormuz, Bicent stated: "The strait is open," adding that oil movement through it currently ranges between 15 and 22 million barrels per day, compared to about 20 million barrels per day before the outbreak of the conflict.

The strait, through which nearly one-fifth of the world's seaborne oil supplies typically pass, has experienced disruptions since early March due to sporadic Iranian attacks targeting ships in the region. The Trump administration states that U.S. forces are escorting vessels along a route close to the Omani coasts.

Bissent stated that Iran is "isolated from the world," describing it as a "pariah state," emphasizing that his goal is to ensure Tehran's compliance with any future agreement reached.

He added: "They signed a memorandum of understanding and did not adhere to it. Next time, if there is an agreement, and that is up to President Trump, they will comply with it, because they are now on their knees."