Updated

The US Treasury, under Secretary Scott Bessent, has outlined an expanding 'absolute isolation' campaign targeting Iran's oil revenue, financial access, and transport routes. Analysts at Kpler warn Iran's oil export revenue could dry up entirely by mid-December if the US blockade continues, while freight costs from Turkey to Iran have surged fivefold as Washington pressures Ankara to curb Iran's overland trade. Iran has responded by seeking alternative lifelines, including importing electricity from Turkey and Turkmenistan to offset war-damaged power infrastructure, as war strain and sanctions squeeze its industrial and energy sectors.