Ted Cruz: “$80 billion, in a real sense, paid for the death squads on…”

“The Biden administration, by not enforcing the oil sanctions, funded Hamas and Hezbollah because 90% of Hamas and Hezbollah's money comes from Iran. And that $80 billion, in a real sense, paid for the death squads on October 7th. What President Trump is doing with this blockade is shutting down the ghost fleet that is incredibly potent. I don't know what the resolution of this will be, but you're right, it's an intermediate step.” (20:56–21:03)

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.