Iran’s fuel reserves down to two months amid crushing US sanctions

Iran is facing a potential economic disaster as its fuel reserves have dwindled to a two-month supply, following months of punishing US military campaigns and a fresh wave of sanctions, according to a report by the New York Post.

This is preventing Iran from doing everything from buying goods to securing foreign currency, and even forcing it to import gasoline because its refinery infrastructure has been decimated and there’s no money to fix it, three senior Iranian sources told Reuters.

Iran’s clerical rulers have evaded sanctions for decades, but the latest effort by the US to bring the six-month conflict to an end through economic means has even left the regime too cash-strapped to pay the premium cost of evading sanctions illicitly, the sources told the outlet.

Treasury Secretary Scott Bessent last month unveiled “Operation Economic Outcast,” aimed at collapsing the regime through what he called the toughest sanctions in US history. Officials said Iran’s front companies and smuggling operations have become largely ineffective as cash reserves dwindle.