Fundamentally, Iran is an economic power. And previous leaders have understood that. Our current leadership doesn't really seem to understand that or has not said that in public. But Iran's power derives from its ability to shut down or at least gravely damage the global economy. So the only question that matters long term is who reopens that strait? And it seems obvious at this point that the United States went into the conflict with the mistaken belief that it could, we could, somebody could reopen that strait by force. (07:29–07:37)
CLAIM
Asserts that Iran can significantly impact the global economy by threatening to close the Strait of Hormuz.
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.