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Date
Summary
Scott Bessent on ‘Temporary Choke Point’ in Strait of Hormuz: We Created Supply To Keep Prices Down in Next 14 Days
Source
Fox News Channel (FNC)

Name: Fox News Channel (FNC)

URL: https://www.foxnews.com

Show
Sunday Morning Futures With Maria Bartiromo

Name: Sunday Morning Futures With Maria Bartiromo

URL: https://www.foxnews.com/shows/sunday-morning-futures

Persons
Scott Bessent

Name: Scott Bessent

Employment: U.S. Department of Treasury

Position: Secretary

Event
Event location
Link
Uploaded
03/22/2026 07:45 pm
Type
Video
Format
MP4 (1280x720) Use clipper to adjust file type
Duration
0:01:27
Views
1
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0
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131
Transcript
RUSH TRANSCRIPT Conflict began ░░░░░░░░ weeks ago As Treasury ░░░░░░░░ Scott Bessent told me ░░░░░░░░ on Thursday on mornings ░░░░░░░░ Maria on fox business ░░░░░░░░ the White House would ░░░░░░░░ sanctions on Iranian oil ░░░░░░░░ is already out at ░░░░░░░░ like they did with ░░░░░░░░ oil Which is in ░░░░░░░░ exactly what he did ░░░░░░░░ weekend The U S ░░░░░░░░ 140 billion barrels million ░░░░░░░░ of oil on tankers ░░░░░░░░ sea to be sold ░░░░░░░░ the global marks We ░░░░░░░░ a break the glass ░░░░░░░░ across the administration and ░░░░░░░░ treasury we unsanctioned Russian ░░░░░░░░ We knew that there ░░░░░░░░ about 130 million barrels ░░░░░░░░ the water and we ░░░░░░░░ supply that is beyond ░░░░░░░░ straits of hormuz So ░░░░░░░░ anticipated this We knew ░░░░░░░░ there could be a ░░░░░░░░ and I want to ░░░░░░░░ temporary chokepoint there and ░░░░░░░░ was 130 million barrels ░░░░░░░░ floating storage In the ░░░░░░░░ days we may unsanction ░░░░░░░░ Iranian oil that s ░░░░░░░░ the water It s ░░░░░░░░ 140 million barrels So ░░░░░░░░ on how you count ░░░░░░░░ that s 10 days ░░░░░░░░ two weeks of supply ░░░░░░░░ the Iranians had been ░░░░░░░░ out that would have ░░░░░░░░ gone to China In ░░░░░░░░ we will be using ░░░░░░░░ Iranian barrels against the ░░░░░░░░ to keep the price ░░░░░░░░ for the next 10 ░░░░░░░░ 14 days as we
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