Perhaps the most significant current point of contention is Iran has, of course, effectively closed the Strait of Hormuz, attempting to choke off the global energy supply and leading to higher gas prices here at home. 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 as well and has proved to be extremely effective and has created enormous leverage for the United States and our allies. (07:21–07:30)
CLAIM
Asserts that Treasury Secretary Bessant warned of a potential global financial crisis if the Strait remains closed.
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.
