Treasury Secretary’s Iran War Statements Mocked as Incompetent and Untrustworthy
Treasury Secretary Scott Bessent announced that the U.S. Navy will begin escorting ships through the Strait of Hormuz as soon as militarily feasible, a plan that has been part of ongoing discussions. This development follows the effective closure of the vital oil transit route due to the conflict with Iran, which has led to a surge in crude oil prices. While Energy Secretary Chris Wright indicated the Navy is not currently prepared for such escorts, focusing instead on Iran’s offensive capabilities, President Trump has urged oil company CEOs to send tankers through the strait, supported by a federal government insurance program.
John Q. Hosedrinker