Video transcript
19 million barrels passed through yesterday, you're probably going to go through 20 million. You were basically almost halfway back of the original shortage of world oil supply, which was about 20% out of 100 billion barrels a day, so 20 billion dollars barrels a day. And look, I just wanted, I guess I have to say it, this memo is non-binding. It's just a political document that opened up a conversation. And whatever the IRGC people may or may not say, they're like Baghdad Bob during the Iraqi war reminds me of that, because there's no bearing in any. They're saying, for example, the Strait of Hormuz is closed, and we're having record transits right now. Women in the streets of Tehran are not wearing their hijab, walking around in short skirts on motorcycles, saying things and singing songs. It's as though they've lost the morality play that they tried to do. Trump has destroyed Iran's military, its industrial base, its economy. They're on their knees, and they're suing for peace. And he's got a diplomatic initiative, and it's going to take a while. I agree with that. It's going to take quite a while, but I take it very, very seriously. And meanwhile, energy prices coming down, gasoline prices coming down, and any money that might go in the next 30 days to Iran, or 60 days, is going to pass through the U.S. Treasury's escrow account. In other words, we will control any money from Iranian oil sales. You're talking about frozen funds. Actually, oil sales first, and the frozen funds may come later, but it will go through a Treasury escrow account which is aimed at purchasing American farm products, various commodities and medical products, to help the people in Iran. So I think, you know, Trump is absolutely in control. There's so much hand-wringing going on here, probably for political reasons, but I think he's on the right track.
Transcribed automatically. Expect errors in names and numbers.