Chris Wright: “On July 4th, 22 and a half million barrels of oil came from…”

“I mean, I'm just wondering, has the oil market adjusted to the Iranian uncertainty? David, I think what you're seeing there is confidence in President Trump's leadership and confidence in the American military. On July 4th, 22 and a half million barrels of oil came from the Persian Gulf region, more than pre-conflict levels. The vast majority that through the Strait of Hormuz. It's not with Iranian cooperation, it's with the might of the American military and confidence that President Trump will keep flows restored in the Strait of Hormuz.” (00:27–00:38)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.