Says “we may unsanction Iranian oil on the water, which is about 140M barrels”. Says would be surprised if there isn’t some kind of international coalition to guide ships through Strait of Hormuz. Says expect to have very good discussion with Japan PM Takaichi. Says Japan has very large strategic petroleum reserve and he believes they may supply the market. Says the Chinese are “unreliable suppliers”. Comments from Bessent’s interview on Fox Business this morning.
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