Treasury Secretary Bessent: U.S. is allowing Iranian tankers through Strait of Hormuz

• The U.S. aims to degrade and destroy Iran's military capabilities and its ability to project power and support global terrorism.
• Bessent states that Iran is not a 'smoothly functioning government' and suggests internal instability, including the current Ayatollah being injured or incapacitated.
• The U.S. is seeing more fuel ships, including Iranian, Indian, and Chinese, transiting the Strait of Hormuz, which helps global supply.
• A 30-day waiver was issued for Russian oil already on the water (approx. 130 million barrels), and Saudi Arabia/UAE have diverted production to the Red Sea to alleviate shortages.
• The global oil deficit is estimated to be between 10-14 million barrels, with 1.5 million barrels being Iranian oil.

Treasury Secretary Scott Bessent discusses the U.S. strategy regarding the Iran war, emphasizing efforts to degrade Iran's military capabilities and disrupt its global terrorist network. He highlights measures taken to manage global oil supply, including allowing Iranian tankers through the Strait of Hormuz and strategic oil releases, to mitigate price spikes.