00:00What I'm saying is the facts do back it up.
00:02Look, I agree.
00:04But everyone should expect that we know who you are, you know who you are,
00:09and we are probably going to announce a bank sanction this week,
00:13and we are going to announce one the week after.
00:15We are speaking to our allies here who have all come forward,
00:19and we have had a great show of support,
00:21whether it's from the EU, the ECB, the UK, the UAE, the Bahrainians.
00:31So we have seen great support around the world, and we have zero tolerance.
00:38We are going to economically asphyxiate this regime,
00:43and as President Trump said, the reason the MOU did not work,
00:47they were not ready for a deal.
00:49My job is to make sure that they want to have a deal,
00:54and they will want to have one.
00:57It's writ large.
00:59You cannot have an Iranian cancer.
01:03If we look at the composition of the bond yields,
01:09the inflation expectations are flat to down.
01:13Right.
01:13And this is a growth story.
01:16Growth, I believe, is reaccelerating.
01:19That we've had some very good discussions here over the past few days,
01:24and everyone agreed that growth has been better than they thought it would have been,
01:30given the Iran conflict.
01:32And this is part of the reciprocity trade.
01:35I think it's...
01:36That's what happened to this bank in Dubai, and it could be entities.
01:40It could be airline leasing companies, which we'll be looking at.
01:47It could be anyone who does business with the IRGC.
01:51We are tracking down the IRGC's assets, and I will say it on Worldwide TV, just so you know,
01:59we know where in the British Virgin Islands your accounts are at these trust companies.
02:06We know the $100 million houses you have around the world, and we are going to freeze those.
02:11We are going to...
02:12Our partners, we are going to close all of that down.
02:16So we are going to go after the regime's illegitimate assets that they have stolen from the Iranian people.
02:22I think it needs a dose of deregulation, probably needs lower tax rates as well.
02:28And we are telling people, either you are with us or against us.
02:32And everyone says to me, well, what about China?
02:35I said, we have more in common with the Chinese on Iran than we disagree with on.
02:40The Chinese agree Iran cannot have a nuclear weapon.
02:44The Chinese agree that there should be freedom of navigation in the Strait of Hormuz.
02:50So we have had private discussions with them in terms of achieving those goals.
02:56Of 25% year on year.
02:59Now, as you just said...
03:00And I often say in our trade discussions with China that we do not want to...
03:08We don't want to pull apart from them, but we have to de-risk.
03:14We have to de-risk.
03:15We have to de-risk everywhere in the world.
03:17We must never leave the country with a foreign choke point from abroad.
