Marco Rubio: “The blockade alone is costing Iran as much as $500 million a…”

“US sanctions enforcement is stepping up. It's moving in lockstep with the naval blockade to degrade Iran's capacity to generate to move and repatriate revenue. It directly targets the regime's primary revenue lifelines. The blockade alone is costing Iran as much as $500 million a day in lost revenue. 90% of total Iranian trade has been halted, causing permanent damage to Iran's oil infrastructure as wells are forced to shut in. Again. All of this is in response to their piracy.” (18:09–18:17)

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.