But most of that oil was going to China. That hurts China, too. Yeah. The reason to do it now and not before this may be because 80% of the crude supply of the Strait of Hormuz has already been replaced or rerouted. So the impact on supply and demand for most OPEC partners and customers is as small as possible, with the highest negative impact for the Iran regime. (09:22–09:30)
CLAIM
Asserts that 80% of the crude supply through the Strait of Hormuz has been replaced or rerouted.
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.
