LIVE: Secretary of State Marco Rubio holds White House press briefing — 5/5/2026

Watch on YouTube ↗  |  May 05, 2026 at 20:05  |  50:16  |  CNBC
Speakers
Marco Rubio — Secretary of State

Summary

Secretary of State Marco Rubio holds a White House press briefing on the US response to Iran's blockade of the Strait of Hormuz. He announces Operation Project Freedom to guide stranded commercial ships through the strait and details ongoing sanctions and diplomatic efforts. He emphasizes that the US is insulated from high oil prices due to its energy production and warns against normalizing Iran's control of international waterways.

  • Rubio announces Project Freedom to rescue trapped commercial ships and reopen the Strait of Hormuz.
  • The US military is providing a defensive umbrella; no offensive operations unless fired upon.
  • Iran's blockade costs $500 million daily in lost revenue; 90% of Iranian trade halted.
  • US sanctions enforcement is stepping up, targeting Iran's revenue lifelines.
  • Rubio says the US is the world's largest net exporter of oil and gas, insulating it from price spikes.
  • He calls for UN condemnation of Iran's actions and warns against setting a precedent for other chokepoints.
  • Diplomatic efforts led by Steve and Jared continue, but Iran must accept negotiations.
  • Rubio asserts the War Powers Act is unconstitutional, a position held by past administrations.
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