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Scott Bessent: “There was about 20 million a day coming out of the Gulf…”

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 04:45

It was about 130 million barrels and that's a lot of oil. Good thing about it. But one and a half days global supply, Mr. Secretary. No, no, but that's bad framing. Good framing is that There was about 20 million a day coming out of the Gulf. That 1.5 of that is the Iranian oil. So the 18.5 the Saudis and UAE have diverted the production into the Red Sea. So that's about another five. There's a strategic petroleum release. (04:45–04:52)

CLAIM

Asserts that 20 million barrels a day come from the Gulf, with 1.5 million being Iranian oil.

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