Scott Bessent: “Oil prices keep going down.”

“That's not right anymore because that even before we had the deal, we're getting a 5, 10 million barrels a day out of the Gulf. So again, Oil prices keep going down. The Iranians try to say some crazy things. We're going to do this in the straight, we're going to do that in the strait.” (08:02–08:04)

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.