Treasury Secretary Bessant has acknowledged that if the Strait is not opened, a global financial crisis could ensue. But at the same time, in a checkmate, The United States has blockaded Iranian ships and has proved to be extremely effective. and has created enormous leverage for the United States and our allies. The Iranian economy is in very bad shape and in desperate need of relief. (07:30–07:47)
CLAIM
Asserts that the U.S. blockade of Iranian ships has been effective.
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