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Iran’s economy will have ‘nothing’ left ‘within two weeks,’ Scott Bessent warns
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- Published
- Sep 27, 2026, 10:42 PM UTC
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American businessman and government official (born 1962)
Scott Kenneth Homer Bessent is an American businessman, financial commentator, and government official serving since 2025 as the 79th United States secretary of the treasury. Bessent was a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm. He is the first openly gay person to lead the U.S. Treasury Department, the first openly gay U.S. Senate-confirmed Cabinet member in a Republican administration, the second openly gay Senate-confirmed Cabinet secretary, and the highest-ranking LGBTQ government official in U.S. history.
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Iran’s beleaguered economy will soon have “nothing to trade” in about two weeks after it makes its final oil deliveries, Treasury Secretary Scott Bessent warned.
Treasury Secretary Scott Bessent says Iran will complete its final oil shipments to China within two weeks, leaving Tehran with "nothing left to trade."