The US will collapse Iran’s economy by closing the oil industry, the Minister of Finance says

President Donald Trump’s sanctions against Iran have been scheduled for the closure of the country’s oil industry and “dissolve your already bewildered economy,” Treasury Minister Scott Baby said on Thursday.

The US aggressively deployed sanctions against Iran for “immediate maximum impact,” the New York economic club said. Trump’s goal is to cut Iran’s oil exports by 1.5 million barrels per stream, said the Treasury Secretary.

“We are going to close the Iranian oil sector and the possibilities of drones,” said the infant. He also intends to disable Tehran’s access to the international financial system, he said.

Prices for crude oil and global Brent benchmark positively after the comments. The intermediate Western Texas rose 6 percent to $ 66.37 a barrel by 13:03 et, and Brent scored 16 cents to $ 69.46.

“Iran will break again, the start of our updated sanctions policy,” said the Finance Minister, a former global investment manager. “If I were Iranian, I would get all my money from Rio,” he said.

Trump has re -introduced his pressure on Iran through Memorandum of the President February 4 two days later the Treasury began By imposing sanctions On the international delivery network of Iranian oil to China.

On Wednesday, oil prices fell to long -term minimums when Trump tariffs against Canada, Mexico and China have caused investors that economic growth will slow down and the rude demand will break. This week, OPEC+ also confirmed that it will gradually return 2.2 million barrels to the market since April.

Now the oil market is considering the fall of Iranian supplies as the only bull catalyst, JP Morgan Analytts, led by Natasha Kaneva, told clients on Thursday.

After launching the maximum pressure company, Trump said he wanted to agree on a nuclear deal with Iran. The President said he hoped that the maximum pressure “should not be used at all.”

“I would like to prefer a proven peace agreement that will allow Iran to grow peacefully and thrive,” Trump said in a social media report on February 5. In 2018, the president abandoned the US from the US A joint comprehensive action plan A nuclear transaction agreed by a former president Barack Obama.