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Treasury Secretary Scott Bessent warned Sunday that Iran will have “nothing left to trade for anything” within roughly two weeks as its remaining oil reaches China, arguing that the Trump administration’s economic campaign has brought Tehran “to its knees” and is driving the regime to seek a deal.

Bessent said only about 15 million barrels of Iranian oil remain on the water as the United States maintains its blockade of Iranian exports, leaving Tehran close to exhausting one of its remaining major sources of revenue.

“I am confident, given that there are only 15 million more barrels of Iranian oil on the water, that Iran will have nothing left to trade for anything,” Bessent told Fox News’s Larry Kudlow on Sunday Morning Futures.

Bessent put the remaining window at roughly two weeks.

“Probably within the next two weeks, they are going to make their final deliveries of oil to China, and then they will have nothing,” he said. “It is an empty set, and I believe they are feeling the pressure here and that’s why they want a deal.”

Bessent’s assessment comes as President Donald Trump has rejected Tehran’s latest proposal to reopen the Strait of Hormuz while signaling that negotiations could continue this week, saying Iran is now seeking terms Washington might have accepted before the war.

“They want to make a deal, but it is not the deal that I want to make,” Trump told Axios on Sunday. “It is what we would have maybe agreed to a year ago. They overplayed their hand.”

President Trump laid it all out on the table for the world leaders in New York this morning.

In no uncertain terms, he directly threatened Iran with nuclear destruction.

Still leaving room for striking a deal with the Islamic regime, he nevertheless put the world on notice that a very different kind of ‘strike’ was among his short list of options.

In lieu of a situation in which Iran is no longer a threat, President Trump is considering ‘annihilation’ as a valid course of action to deal with Iran.

He appeared to stare directly at the Iranian UN delegation — even while threatening them with a ‘quick’ destruction — right in front of the world’s leaders.

Check out this clip of that key moment:

It’s hard to emphasis a threat more than couching it in eternal terms, like pondering whether or not to “drive them into hell”.

As if to underscore the gravity of the threat, the White House Rapid Response account on X quickly shared the same clip.

It just so happens that this particular video happens to be one of the only clips of the President’s address that actually shows the Iranian delegation listening as he threatens them — just before they stormed out of the assembly: