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Ted Cruz: “Iran's oil sales fell from a million barrels a day down to…”

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

Interview with Senator Ted Cruz on Iran, China, and U.S. Economic Policies

Published May 1, 2025 | Video Starts at 01:51

I weighed in again aggressively and said in the oil waiver, the president agreed with me. And we now know that energy was right and State was wrong. Iran's oil sales fell from a million barrels a day down to 300,000 barrels a day. And the price of oil didn't move at all. It had essentially no impact on the global price of oil. When Joe Biden came into office, he inherited an Iranian regime. (01:51–01:58)

CLAIM

Asserts that Iran's oil sales decreased significantly after the U.S. ended the oil waiver.

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.

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