'COMPLETELY GONE': Iran's oil reserves reportedly DEPLETED

. SO WE'LL SEE WHERE THIS GOES. GENERAL WILL COME ALWAYS GOOD TO. CATCH UP WITH YOU. ALL RIGHT. SANDRA? >> Sandra: JOHN, AND CRUCIAL. ECONOMIC LIFELINE SEVERED FOR. IRAN ACCORDING TO A REPORT FROM. IRAN'S OFFSHORE OIL RESERVES IN. ASIAN WATERS IS NOW COMPLETELY. GONE AND A U.S. BLOCKADE IS. CHOKING OFF THE COUNTRY'S. ABILITY TO EXPORT MORE THAN. $4 BILLION WORTH OF OIL PER CUP. BUSINESS CORRESPONDENT LAWRENCE. IS REPORTING LIVE OUT OF NEW. YORK CITY, NEWSROOM. >> WE'LL MAKE NO MONEY SELLING. OIL BY THE MIDDLE OF DECEMBER,

THAT'S ACCORDING TO PREDICTIONS. BY THE ANALYST AT KEPLER. THAT'S BECAUSE THIS MONTH'S LONG. U.S. BLOCKADE OF IRAN PUTS IN. THE STRAIT OF HORMUZ IS WORKING. IRAN HAS A CLANDESTINE TANKER. FLEET THAT SELLS OIL TO CHINA, THAT FLEET IS DEPLETED. THERE ARE NO SHIPS DOCKED NEAR. ITS MAIN OIL TERMINAL ON KHARG. ISLAND. THEY CAN'T PICK UP OIL AND. THERE'S NO SHIPS THERE. REMEMBER OIL SALES HAD. REPRESENTED SOME 40% OF REVENUE. BEFORE THE CONFLICT. TREASURY SECRETARY SCOTT BASSETT.

SAYS DECIMATING IRAN'S OIL. LIFELINE WAS HIS PLAN ALL ALONG. >> THE PORT AT KHARG ISLAND IS. AT A VIRTUAL STANDSTILL IN TERMS. OF LOADING. WE HAVE REALLY CUT THEM OFF AND. THEY ARE AT THE END OF THEIR. TETHER NOW FINANCIALLY. OUR OBJECTIVE IS TO SEVER EVERY. ECONOMIC LIFELINE, THAT SUSTAINS. THIS TYRANNICAL REGIME. IRAN IS IN AN ECONOMIC DEATH.

THROES. >> FUEL IS STILL EXPENSIVE. YOU'RE PAYING 6.31 A GALLON FOR. DIESEL TODAY AND 4.29 FOR GAS. SOME SUPPLY WILL TRICKLE IN FROM. RUSSIA. A FEW DAYS AFTER THE MIDTERM. ELECTIONS AND OF COURSE, WITH. THE WHITE HOUSE IS WORKING TO. ADVANCE MEASURES LIKE PERMITTING. REFORM TO GET MORE OIL AND GAS. INFRASTRUCTURE UP AND RUNNING. BUT IT LOOKS LIKE THE MONEY. MAKER, THE ECONOMIC LIFELINE FOR. THE IRANIAN REGIME, HAS BEEN. CUT, GUYS. >>.