Marco Rubio: "not just because of Iran and not just because of the straits of Hormuz but…"

Senator Marco Rubio explained that waivers were included in a recently passed sanctions bill to allow time for assessing global impacts, particularly on energy supplies. He noted that disruptions stem from multiple sources, including tensions with Iran, Houthi attacks on Saudi Arabia, and the conflict in Ukraine affecting energy infrastructure. These factors, he stated, are contributing to rising global fuel costs and complicating decisions about further sanctions, especially for allies like India that rely on Russian energy. The US administration is now reviewing the potential economic consequences of these sanctions and tariffs.