Scott Bessent China Iran oil drop

    by Flint: Scott Bessent

    Sec. Scott Bessent announces that China's oil purchases from Iran have dropped by nearly HALF, causing major disruption for the Ayatollah and the mullahs. "The Chinese in general, because of the prices and because they have a very large strategic control and reserve, have"

    Transcript (en)

    Iranian oil, the Chinese in general, because of the prices and because they have a very large strategic petroleum reserve, have dropped their purchases of crude over the past few months by about 40 percent, and that's directly pressuring the Iranian regime. And we put the blockade back, and I tell you, the blockade is powerful financially, but I think it's also very POWERFUL PSYCHOLOGICALLY. IT CUTS IRAN OFF FROM THE REST OF THE WORLD. AND WE ALSO HAVE THE ABILITY TO INTERDICT THE IRANIAN DARK FLEET ONCE THEY ARE OUT IN THE PACIFIC. YEAH, THAT'S INCREDIBLE. WE'RE GOING TO BE WATCHING ALL OF THAT. SECRETARY, I WANT TO MOVE ON TO AI BECAUSE OF CORRESPONDENT.