US Treasury Warns of Possible Iranian Oil Well Closures

The US Treasury has warned of possible oil well closures next week due to the saturation of Iran's oil storage facilities.

The US Treasury Secretary pointed out that gasoline prices have surged 40.2% compared to last year, and diesel prices have jumped 58.7%, contributing to rising consumer prices in the United States. The analysis suggests that Iran's oil storage facilities may soon reach saturation point.

US President Donald Trump has pressured for the reduction of 5,000 US troops stationed in Germany and a halt to weapons support.