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Energy Secretary Wright says U.S. ‘not ready’ to escort tankers through Strait of Hormuz yet
US Energy Secretary Chris Wright said military assets are focused on degrading Iran's offensive capabilities, delaying tanker escorts through the Strait of Hormuz amid ongoing regional conflict.
- On Thursday, US Energy Secretary Chris Wright said the US military is not ready to escort tankers as assets focus on destroying Iran's offensive capabilities, but escorts are "quite likely" by the end of the month.
- As Iran launched a new wave of attacks on Gulf energy targets, three commercial vessels were attacked near the Strait of Hormuz on Wednesday and Iran's new supreme leader affirmed the Strait should remain closed.
- Oil prices peaked near $120 on Sunday after an attack on one oil tanker off Iraq killed at least one person and briefly pushed prices above $100, Wright said.
- President Donald Trump offered US Navy escorts and reinsurance support, but no escorts have taken place; Wright deleted his escort claim earlier this week and the White House confirmed it was false.
- The IEA reported a record 400 million barrel release, with the US releasing 172 million barrels, while AAA says US petrol is $3.60, up from last month.
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President Trump proclaims generously that the U.S. military could give Iran-threatened oil tankers escorted through the Strait of Hormus. As a result, some Gulf countries appear to be reporting to Washington - but the U.S. government is making a retreat.
The US military is not yet ready to monitor tankers through the strategically important Strait of Hormuz, according to Energy Secretary Chris Wright. All resources are now focused on attacking Iran, Wright told CNBC television today.
Coverage Details
Total News Sources46
Leaning Left7Leaning Right15Center9Last UpdatedBias Distribution48% Right
Bias Distribution
- 48% of the sources lean Right
48% Right
L 23%
C 29%
R 48%
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