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Ted Cruz: “Iran was exporting 1.5 million barrels a day, earning 139…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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Trump Tightens Grip on Strait of Hormuz Putting Enormous Pressure on Iran plus Qatar Hires DC Lob...

Published | Video Starts at 11:05

Kharg island alone generates 53 billion a year, or as I noted at a time 78 billion a year in energy revenue. Crude oil. Iran was exporting 1.5 million barrels a day, earning 139 million a day at wartime pricings. About $87 a barrel, though with minimal proceed repatriation due to banking sanctions. A blockade zeros that out overnight. Carg island, which handles 92% of the exports, sits deep inside the Gulf with no viable alternative. (11:05–11:14)

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Asserts that Iran was exporting 1.5 million barrels daily, earning $139 million at wartime prices.

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