PANews May 4 news, according to Jinshi report, U.S. Treasury Secretary Basant stated: “What we want to make clear is that the Iranians do not control the Strait of Hormuz. We absolutely control the Strait of Hormuz.” Basant indicated that currently the global oil shortfall caused by the conflict is about 8 to 10 million barrels per day. He also mentioned that each crude oil tanker passing through the Strait of Hormuz carries about 2 million barrels of crude oil. If four or five ships depart daily, it can offset the oil shortfall. He added that there are 150 to 200 such vessels “that can set sail.” “So I think the market supply will be very sufficient,” Basant said. Meanwhile, Basant claimed that the Iranian economy “is in free fall decline.” “Everyone says they can endure the pain. But their soldiers cannot endure not getting paid.”

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