00:00The operation, we've just started it.
00:03I can tell you that teams from Treasury, from State, from D.O.W.
00:09have spread out across the world, and we are telling the friends and foes
00:15that this is the end of the regime.
00:17We are going to sever all their economic ties with the outside world.
00:22And whether that starts with the Gulf neighbors,
00:25many of whom have trade passages with them,
00:30whether it starts with countries that are far away,
00:34that are leasing them aircrafts, that we will not stop.
00:39On Friday, we took action under the Patriot Act
00:43for the Dubai branches of the second-largest Egyptian bank.
00:47Those branches have been closed down.
00:49They had channeled more than $1.8 billion to the regime
00:53over the past three, over the past two years.
00:58No, it's astounding.
01:00It's astounding.
01:01And we're going to shut it down.
01:02We are taking actions every day.
01:05I would expect that we will sanction another bank.
01:11And by the way, Rob, when these banks are sanctioned,
01:13they're out of business.
01:14They are cut off from the dollar system.
01:17And we know who is helping the Iranians.
01:21They know who they are.
01:22And it is going to stop.
01:24This is the final move for this regime after 47 years.
01:32This is the final move for this regime after 48 years.
01:32This is the final move for this regime after 48 years.
01:32This is the final move for this regime after 48 years.
Comments