US Treasury chief: Kharg Island now a ‘monument’ to Iranian regime’s failure
US Treasury Secretary Scott Beissinger says Iran’s Kharg Island oil terminal has become a ‘monument’ to the regime’s failure as crude exports halt.
US Treasury Secretary Scott Beissinger has deemed Iran's Kharg Island oil terminal a "monument" to the Iranian regime's failure due to the absence of crude tankers at the main loading facility amidst heightened US pressure on Tehran's oil exports. Beissinger shared a video on X showcasing the stark contrast between the terminal's activity before and after recent developments, highlighting the empty export berths.
He emphasized that the regime's arrogance and hostile stance continue to harm ordinary Iranians. The US Treasury's "Operation Economic Pariah," initiated on August 24, 2026, aims to isolate Iran economically and cut off its funding sources to cripple Tehran's ability to finance terrorism, its nuclear program, and the lavish lifestyles of the Islamic Revolutionary Guard Corps elite.
The current situation at Kharg Island has persisted for several weeks, with no crude oil tankers observed at the export docks since late August. This prolonged halt marks the longest continuous period since the US-Iran military confrontation in February, with Iranian crude exports dwindling to zero from around one million barrels per day in July, according to ship tracking data and European satellite imagery.
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