Tommy Vietor

On Saturday, Iran's Revolutionary Guard announced that, quote, no ship is allowed to pass the Strait of Hormuz.

So they're saying they're going to close the Strait of Hormuz.

We'll see if Iran can deliver on that promise.

But if they are able to, the economic impact would be massive.

Every day, about 20 million barrels of oil pass through the Strait of Hormuz.

It's about one fifth of the world's supply.

Then there's other shipping.

Trump released a video statement about all of this this morning.

In it, Trump kind of played all the hit-spin when it comes to U.S.-Iran tensions.

He talked about the U.S.

Embassy personnel being held hostage in 1979.

He talked about the 1983 Marine Barracks bombing.

He claimed that Iran was involved in the bombing of the USS Cole in 2000, which is just not true.

Someone should tell Al-Qaeda that.

I think they take credit.

He also once again claimed that Iran will soon be able to reach the U.S.

with its ballistic missiles, which again is a lie.

Here's an excerpt of Trump.

I think this is the section of the speech that seemed to most specifically lay out the goals of this conflict.

Let's watch.