Introducing interview with Treasury Secretary Scott Bessent, interrupted by presidential call to situation room regarding Iran.
Host
Scott Bessent
US Navy or international coalition may escort oil tankers through Strait of Hormuz if militarily possible.
Asking if Bessent was discussing Strait of Hormuz in situation room and if shipping volume will improve immediately.
Host
Scott Bessent
Discussed 'plethora of things' in situation room; believes US Navy will escort vessels as soon as militarily feasible.
Summarizes key points: Iran hasn't mined straits, US Navy may provide escort, war cost is $11B with no spending limit.
Host
Scott Bessent
Absolutely no spending limit that would make him tell president 'we can't afford this anymore'.
Full conversation covers investment career, Fed outlook, inflation, interest rates, and more.
Host