00:00Today, inflation in Iran is 70 percent, and their currency is in total and complete freefall.
00:06U.S. sanctions enforcement is stepping up. It's moving in lockstep with the naval blockade
00:10to degrade Iran's capacity to generate, to move, and repatriate revenue. It directly targets the
00:17regime's primary revenue lifelines. The blockade alone is costing Iran as much as $500 million
00:24a day in lost revenue. 90 percent of total Iranian trade has been halted, causing permanent damage
00:31to Iran's oil infrastructure as wells are forced to shut in. Again, all of this is in response
00:36to their piracy. It cannot be that you have these straits, and they blow up any ship that moves,
00:41and the only ships they get to go through are theirs. You can't have a situation in which the
00:45straits are close to everyone else, but they benefit from the piracy. That can't happen.
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