And now there is a path forward which is for each side to suspend its blockade, which would be confidence building, also very important to the world economy as well as ours. I wouldn't be surprised to see oil prices climb by another dollar in the next few weeks, which will be devastating to many parts of our economy. So I think there is a path forward here. But make no mistake, diplomacy is going to be tough. We know it from the JCPOA negotiations. (03:53–04:03)
CLAIM
Predicts an increase in oil prices that could harm the economy.
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.
