Hundreds of critical munitions have been expended and deployments have been extended, directly impacting service members quality of life, military readiness, and our ability to deter our adversaries. The relationships with our allies, some of our closest allies and partners, have been fractured. And The closure of the Strait of Hormuz, which somehow caught the President by surprise, is directly contributing to the affordable crisis that Americans are facing. Energy costs are skyrocketing. With the price of gas now at its highest level in almost four years, instability has driven interest rates to its highest level since September of last year. (01:00–01:15)
CLAIM
Asserts that the closure of the Strait of Hormuz is contributing to an affordability crisis in the US.
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.
