WANA (Mar 11) – The Bloomberg economic network reported today, citing an interview with the U.S. Energy Secretary, that the Trump administration is prepared to enforce the country’s sanctions on Iran’s oil production.

 

Chris Wright told the economic outlet: “During Trump’s first term, Iran’s oil exports dropped to very low levels.”

 

He added: “(Joe) Biden did not lift those sanctions, but he halted their enforcement. This made Iran wealthier. We saw what happened with the Houthis, Hezbollah, and Hamas—chaos erupted.”

 

He claimed: “Is President Trump seeking to stop the chaos and bring peace to the world? Absolutely. Can we curb Iran’s oil exports? Certainly.”

 

Earlier, U.S. Treasury Secretary Scott Bassett stated: “We will continue the sanctions against Iran, which are designed to shut down its oil industry and collapse its economy.”

 

Bassett added: “The U.S. is strictly enforcing sanctions against Iran to ensure an immediate maximum impact.”

 

Trump’s Treasury Secretary claimed: “Trump’s goal is to reduce Iran’s oil exports from 1.5 million barrels to a mere drop.”

 

Bassett further asserted: “We will shut down Iran’s oil sector and its drone production capabilities.”

 

The Trump administration official also claimed that the government intends to cut off Tehran’s access to the international financial system.

 

The U.S. Treasury Secretary stated: “Impoverishing Iran once again will be the starting point of our updated sanctions policy. If I were an Iranian, I would immediately convert all my money out of rials.”