00:00With respect to the economy and the cost of oil spiking, is there a need to start those Navy escorts
00:09in the Strait of Hormuz now to sort of blunt the impact to people?
00:12And also, because Spain is a member of the EU, does that at all put a wrinkle in the President's
00:18plan for a trade embargo with them?
00:21With respect to Spain, I think they heard the President's message yesterday loud and clear.
00:27And it's my understanding, over the past several hours, they've agreed to cooperate with the U.S. military.
00:33And so I know that the U.S. military is coordinating with their counterparts in Spain.
00:38But the President expects all of our European allies, of course, to cooperate in this long-sought-after mission, not
00:45just for the United States but also for Europe, to crush the rogue Iranian regime that, again, not only threatens
00:50America but also threatens our European allies as well.
00:53With respect to oil prices and the economy here at home, of course, this is something that Secretary Besant, Secretary
00:59Wright, the National Economic Council of Energy that is led by Secretary Burgum has been long working on and well
01:08in advance.
01:08Yesterday, President Trump announced the U.S. Development Finance Corporation will provide political risk insurance at a very reasonable price
01:16for crude carriers and cargo ships operating in and around the Gulf.
01:19And as you pointed out, Jackie, the President said, if necessary and when appropriate, the U.S. Navy will begin
01:26escorting tankers through the Strait of Hormuz.
01:29I think it speaks to why this action was so necessary, that ultimately the energy industry is going to benefit
01:35from the President's actions with respect to Iran,
01:38because Iran will no longer be controlling the Strait of Hormuz and restricting the free flow of energy, which, as
01:45you all know, controls 20 percent of the world's global oil supply.
01:49The timeline for making the Strait of Hormuz safe for oil tankers to transport their oil through the Strait, what
01:57is that timeline and what can the President do to speed up that timeline?
02:02I don't want to commit to a timeline, but certainly it's something that is being calculated actively by both the
02:07Department of War and the Department of Energy.
02:09They're working very closely. Both secretaries are in all of the briefings on this subject with the President.
02:15And this is, again, something they're monitoring. And if and when necessary, U.S., the United States Navy will provide
02:22assistance to escort oil tankers through the Strait.
02:25Sure, in the blue.
02:27Thank you, Caroline.
02:29You're not in blue, Andrew. Go ahead.
02:31Yes, thank you.
02:32Well, I guess you are, sort of.
02:35You had mentioned about the commercial aircraft being used for the evacuations.
02:41What about the use of military aircraft? Would that happen in conjunction with that or subsequent to?
02:47That is something that is definitely underway.
02:50And, of course, we're going to use that in conjunction.
02:52We want as many planes, whether they're chartered, commercial, or military,
02:56taking Americans out of the Middle East and returning them safely home.
Comments