The United States is evaluating a strategy to potentially disrupt Iran’s oil exports as part of a broader initiative to exert economic pressure on the Iranian regime. This plan, discussed by top officials within the Biden administration, considers implementing measures that would halt vessels at sea to prevent them from transporting Iranian oil. Treasury Secretary Janet Yellen emphasized the importance of this initiative, stating that the aim is to significantly undermine Iran’s economy by targeting its oil sector. She remarked, “The US will collapse Iran’s economy by shutting down its oil industry.” This move comes in light of ongoing tensions related to Iran’s nuclear program, alongside concerns regarding its maritime activities in the Persian Gulf. Reports indicate that the US intends to clamp down on the sale of Iranian oil, which nations like China and Russia currently purchase despite Western sanctions. The US had initially reimposed stringent sanctions on Iran, significantly reducing its oil exports from about 2.5 million barrels per day in April 2018 to approximately 300,000 barrels per day in recent weeks. As these discussions continue, several regional allies are expressing their support for the US efforts, recognizing the threat posed by Iran’s nuclear ambitions and its influence in the region. However, implementing such a plan poses complex logistical and geopolitical challenges that the US must navigate carefully.
US Moves to Disrupt Iran’s Oil Industry Amid Rising Tensions
