# Rubio warns Iran oil revenue will dry up

> US warns Iran's oil revenue will nearly vanish as sanctions tighten.
- Title: Rubio warns Iran oil revenue will dry up · Indiatimes
- Summary: US warns Iran's oil revenue will nearly vanish as sanctions tighten. US Secretary of State Marco Rubio warned that Iran could lose almost all oil revenue due…
- Keywords: marco rubio, iran, us sanctions, oil revenue, naval blockade, iranian oil shipments, us treasury department, scott bessent, iranian regime, military strikes, qeshm island, iranian foreign ministry
- Source: Indiatimes — https://timesofindia.indiatimes.com/world/middle-east/almost-all-of-irans-oil-revenue-will-dry-up-rubio-warns-as-us-tightens-sanctions/articleshow/135713843.cms
- Author: Aryan Singh
- Published: 2026-11-10T14:49:00+00:00
- Read time: 2 min
- Topics: marco rubio, iran, us sanctions, oil revenue, naval blockade, iranian oil shipments, us treasury department, scott bessent, iranian regime, military strikes, qeshm island, iranian foreign ministry
## US warns Iran oil revenue will dry up
US Secretary of State Marco Rubio warned that Iran could lose almost all oil revenue as US sanctions and efforts to block Iranian oil shipments intensify.

> almost all of their oil revenue will dry up
## Iran's oil shipments at risk
Rubio said Iran had only a handful of oil shipments left at sea that had escaped the US blockade during the brief ceasefire and the period covered by the memorandum of understanding.
## US targeting sanctions evasion
The US treasury department, led by Scott Bessent, is working with intelligence agencies to shut down channels Iran uses to bypass sanctions, including alternative trading arrangements involving asian markets.
## Economic pressure described as extraordinary
Rubio described the economic pressure on Iran as 'extraordinary', saying the impact of sanctions would continue to compound.

> extraordinary
## Iranian leadership accused
Rubio accused Tehran's leadership of bringing the crisis upon its own people, calling it a 'radical regime of lunatics'.

> radical regime of lunatics
## Iranian policies blamed
He alleged that iran's policies were 'destroying their own country'.

> destroying their own country
## US military stance
Washington has indicated it is not planning to resume large-scale strikes on Iran for now.
## Limited strikes on Qeshm Island
American forces carried out limited strikes on Iranian air defense and radar installations on Qeshm Island in recent days.
## Diplomatic deadlock
Diplomatic efforts to end the conflict remain deadlocked, with the US and Iran holding sharply different positions on the conditions for a peace agreement.
## Iran's peace proposal
Iran has proposed resuming negotiations within two days but wants Washington to first lift its naval blockade, ease sanctions and agree to end hostilities across all fronts.
## Iranian foreign ministry response
Iranian foreign ministry spokesman Esmaeil Baghaei defended the proposal, calling it the most reasonable offer on the table.
## Rubio dismisses Iran's conditions
Rubio dismissed Tehran's conditions as 'outrageous and ridiculous', saying Iran was not serious about reaching a deal.

> outrageous and ridiculous
## US economic pressure campaign
Rubio said the US economic pressure campaign and naval blockade were already inflicting significant damage on Tehran.
## No immediate military action needed
Rubio argued that the economic pressure campaign and naval blockade were sufficient to cause significant damage without immediate military operations.
## Key takeaway

US Secretary of State Marco Rubio warned that Iran could lose almost all oil revenue due to intensified US sanctions and naval blockades.