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U.S. Navy will escort vessels through Strait of Hormuz as soon as ‘militarily possible,’ Bessent says
- On Thursday, U.S. Treasury Secretary Scott Bessent announced the U.S. Navy will escort oil tankers through the Strait of Hormuz once militarily possible, potentially with an international coalition.
- Relentless attacks on vessels in the Persian Gulf have disrupted global shipping, pushing Brent crude prices above $100 a barrel as Tehran threatens to block the critical waterway.
- Treasury Secretary Bessent stated escorts require "complete control of the skies and... rebuilding capabilities for the missiles completely degraded," while asserting Iran has "not mined the straits" despite the U.S. Institute for the Study of War estimating 10 mines.
- G7 leaders launched coordination efforts to restore freedom of navigation, though Iran's Foreign Ministry spokesperson Esmaeil Baghaei asserted that conditions cannot return to those existing before February 28.
- Operations during the first six days of the conflict cost the United States at least $11.3 billion, while the International Energy Agency released 400 million barrels of reserves to stabilize volatile markets.
46 Articles
46 Articles
Trump officials: Ship escorts to start in Strait of Hormuz "soon"
The U.S. Navy will escort ships through the Strait of Hormuz, "perhaps with an international coalition," as "soon as it is militarily possible," Treasury Secretary Scott Bessent said in a Sky News interview broadcast Thursday. Why it matters: The International Energy Agency said Thursday the…
Trump said the U.S. could send a Marine Escort Protection to reopen the oil route, but the Navy doesn't seem ready for it.
U.S. Treasury Secretary Scott Bessent has proposed Thursday night that an international coalition led by the U.S. Navy escort oil vessels across the Strait of Ormuz to recover crude oil traffic. Iranian ambassador to the UN, Amir Saeid Iravani, has announced that Tehran will not close the river pass, but warns that it is his right to “preserve peace and security” on this key route for the global oil chain. Iravani thus nuances the words of the n…
Treasury Secretary Bessent says US will escort ships through Strait of Hormuz as Iran war spirals
The US-Israeli war on Iran, now in its thirteenth day, is rapidly spiraling and has triggered a cascading regional crisis centred on the Strait of Hormuz — the waterway through which 20 percent of the world's oil passes.
US military to 'escort' oil tankers on Strait of Hormuz amid market volatility, Treasury Secretary confirms
American naval forces will provide protection for oil tankers attempting to navigate through the Strait of Hormuz once military conditions allow it, US Treasury Secretary Scott Bessent has confirmed.This latest intervention from Mr Besent comes amid a spike in oil prices and widespread stock market volatility following President Donald Trump and Israel's military action against Iran.In response to the death of Ayatollah Ali Khamenei, the Islamic…
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