US Treasury Secretary: Iran is like a company heading for bankruptcy

US Treasury Secretary Scott Besent has said that Iran is now like a company heading toward bankruptcy.

Besent added that Iran's economy will experience a sharp and rapid transformation at some point, noting that panic is rising in the country and its currency has collapsed, according to Asharq.

He went on to say that Iran has not loaded any oil shipments from Kharg Island since last August and is unable to export a single barrel of oil.