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Scott Bessent: “140 million barrels. That about 20 million barrels a day…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent defends U.S. military actions in Iran: 'Sometimes you have to escalate to de-escalate'

Published | Video Starts at 04:57

Again, terrible framing. Terrible frame. Well, how much can it change here at home? Let's talk to consumers. How much will it change? Just Let me explain. 140 million barrels. That about 20 million barrels a day comes out of the Gulf. About 5 million has been repurposed by the Saudis, by the UAE. So we're at a 15 deficit. About 1.5 is Iranian oil that comes out. So we are at between a 10 and and 14 million deficit on a daily basis. (04:57–07:19)

CLAIM

Asserts that 20 million barrels a day come from the Gulf, with 5 million repurposed by Saudis and UAE.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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