… the Ghost Fleet, they work, work with countries like Venezuela, the Russians and the Chinese who import 70% of their oil, they've been able to evade those sanctions until now. This now shuts down the entire oil sales, which I said is the economic lifeline for the regime. I agree with Secretary Bessant that in addition to the kinetic activities, eliminating their inventory of ballistic missiles, stopping them, their nuclear program, and damaging and setting back their industrial base, that this is an important component. (02:49–02:56)
CLAIM
Asserts that current measures shut down Iran's entire oil sales, which is their economic lifeline.
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.