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Scott Bessent: “We are at between a 10 and 14 million deficit on a daily…”

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

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Scott Bessent defends U.S. military actions in Iran: 'Sometimes you have to escalate to de-escalate'

Published | Video Starts at 07:24

About 5 million has been repurposed by the Saudis, by the UAE. So we're at a 15 deficit. About 1.5 is Iranian oil that comes out. So We are at between a 10 and 14 million deficit on a daily basis. So if you think about 140 million barrels, that's between 10 days and two weeks of supply. (07:24–07:32)

CLAIM

Asserts a daily oil deficit of 10 to 14 million barrels.

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