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Scott Bessent: “The deficit is about 10 or 14 and that's before any of the…”

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

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Treasury Secretary Bessent: U.S. is allowing Iranian tankers through Strait of Hormuz

Published | Video Starts at 05:29

How many barrels of oil do you really believe your office, you personally, the President believes that we are short in the world right now. Well, it looks like The deficit is about 10 or 14 and that's before any of the ships are coming out of the straits. So if you think about the Russian oil that is somewhere between 9 to 11 days, 12 days of supply with without the market moving, there's Iranian oil that's out in the water right now about 140 million barrels. (05:29–05:37)

CLAIM

Asserts that the oil deficit is between 10 and 14 million barrels before ships exit the straits.

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