Ted Cruz: “Iran's alternatives outside the strait can replace less than…”

“A Naval blockade imposes $435 million a day in combined economic damage. Storage fills in 13 days, forcing well shut ins that cause permanent reservoir damage. The real enters terminal collapse. Iran's alternatives outside the strait can replace less than 10% of the Gulf through point. The blockade makes continued resistance economically impossible. That is the leverage President Trump is applying right now. Every day, Americans make choices that shape our country's future, right down to which cell phone provider we support.” (16:56–17:02)

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.