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Scott Bessent: “The blockade did that. We think they have the lowest amount…”

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

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FULL REMARKS: Treasury Secretary Scott Bessent Speaks At Reagan National Economic Forum

Published | Video Starts at 21:51

Where they blockaded, where they blockaded the Iranian ports with virtually or perhaps zero intrusions have been amazing. Kharg island, which is the Iranian oil export facility, is shut down. Basically, turn that off the block. The blockade did that. We think they have the lowest amount of oil on the water. Their only client is China. And one, I would point out that the Iranians made a very big strategic mistake because everyone said, oh, well, the Iranians attacked the GCC and the infrastructure, and that really makes them invulnerable on my side of my duties. (21:51–22:00)

CLAIM

Asserts that due to the blockade, Iran has the lowest amount of oil on the water, with China as its only client.

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