US treasury chief: Iran unable to export oil by sea for first time

US Treasury Secretary Scott Beissinger said Iran will not be able to export any oil by sea this week, marking the first time since the start of its oil exports.

According to Axios, he explained that the United States facilitated the passage of 1.1 billion barrels of oil through the Strait of Hormuz, while Iran was unable to ship any barrels.

Beissinger also confirmed that the US is working to isolate Iran from global markets in an unprecedented way.

Beissinger's remarks follow his confirmation that Iran did not load any crude oil onto tankers during September, a claim supported by preliminary data from tanker tracking firms including Kpler and Vortexa. 

Shipping data indicated that Iran has not conducted new crude oil loadings since mid-August, and no new Iranian oil shipments have crossed the US maritime blockade toward Asian markets since July. 

These developments are part of a US economic campaign targeting Iran's revenue sources, alongside ongoing restrictions on oil-related maritime traffic in the region.