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Dick Durbin: “The global economy is held hostage to the standoff in the…”

Featuring: Dick Durbin, Democratic | U.S. Senate Illinois

As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War

Published May 12, 2026 | Video Starts at 01:36

Congress has cost us $25 billion, 14 U.S. military personnel tragically killed, and a tenuous ceasefire in place. As I look at the achievements, Iran to date, led now by an even more extreme supreme leader. The global economy is held hostage to the standoff in the Straits of Hormuz. Our munitions stockpiles are dangerously depleted, and Iran is no further from a nuclear weapon than before our invasion. (01:36–01:42)

CLAIM

Asserts that the global economy is affected by the standoff in the Straits of Hormuz.

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.

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Dick Durbin

“Congress has cost us $25 billion, 14 U.S. military personnel tragically killed, and a tenuous ceasefire in place.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 01:16-01:28
“Iran is no further from a nuclear weapon than before our invasion.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 01:45-01:49
“Can you explain to the American people who are facing these gasoline and diesel oil prices, what is going on in the Straits of Hormuz where…”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 03:10-03:32
“I associate myself with the remarks of Senator Coons earlier about the 400 million for Ukraine, and I hope that it is allocated quickly.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 00:00-00:09
“I'd like to ask a similar question about the 200 million in that same appropriation bill that was designated for the Baltic Security…”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 00:09-00:22
“It's five months after that bill was signed into law.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 00:38-00:43
“It is needed for the Baltics and Poland and needed on a timely basis.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 01:03-01:08
“Our munitions stockpiles are dangerously depleted.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 01:41-01:45
“The President has claimed on several occasions over the past couple of months that the war is over, that the conflict has been concluded.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 01:50-01:58
“It appears that a very small budget is holding us hostage in its rates of Hormuz.”
As Gas Prices Rise, Durbin Presses Defense Secretary Hegseth About The Rationale For The Iran War | Uploaded May 12, 2026 | 04:51-04:57