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Scott Bessent: “Almost 2,000 ships waiting to come out of the Gulf.”

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

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LIVE: White House press briefing with Scott Bessent

Published | Video Starts at 05:04

So one month doesn't a trend make. And what we've seen is actually oil prices are down about 10% in May. There are Almost 2,000 ships waiting to come out of the Gulf. And I think the oil market is going to be very well supplied on the other side of this and that we could see prices come down very quickly. (05:04–05:08)

CLAIM

Asserts that nearly 2,000 ships are waiting to exit the Gulf.

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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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