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U.S. Navy has not yet escorted ships through Strait of Hormuz, White House says
White House and military officials denied any naval escorts have occurred despite plans; about 20% of global oil transits the Strait of Hormuz, causing heightened market uncertainty.
- On Tuesday, Energy Secretary Chris Wright posted then deleted a claim about U.S. military escort around 1:02pm US Eastern time; White House Press Secretary Karoline Leavitt said, 'I can confirm that the US Navy has not escorted a tanker or a vessel at this time.'
- On March 3, the US Development Finance Corporation announced it would offer 'political risk insurance and guarantees' and said military support may be available, amid signals of potential US Navy escort in the Strait of Hormuz.
- With military assets occupied, officials warned that the U.S. announced last week plans to escort tankers but provided no timeline, and military officials said they had yet to begin operations.
- Oil markets reacted to Wright’s announcement, with prices falling below $80 a barrel after President Donald Trump said Monday the U.S. Navy was prepared to launch escorts but did not expect them to be necessary.
- With escorts still described as an available option, General Dan Caine said 'If tasked to escort, we'll look at the range of options to set the military conditions to be able to do that', amid a claimed successful escort and official denials.
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A High-Risk Navy Mission That Wasn't: US Flip-Flop Over Hormuz
US Energy Secretary Chris Wright posted a claim that the United States military escorted an oil tanker travelling through the Strait of Hormuz to ensure global energy supplies, adding to confusion in an already volatile oil market.
·New Delhi, India
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'Unforgivable error': Markets spiral out of control over Trump official's now-deleted post
A deleted tweet from one of President Donald Trump's Cabinet members just cost traders $84 million in minutes, according to a new report. Energy Secretary Chris Wright's accidental post about Navy tanker escorts sent oil markets into a frenzy Tuesday before disappearing into the digital void, leaving Wall Street reeling from what one expert called "an unforgivable error," the Wall Street Journal reported.The post claimed the U.S. Navy was escort…
·United States
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Coverage Details
Total News Sources95
Leaning Left19Leaning Right19Center15Last UpdatedBias Distribution36% Left, 36% Right
Bias Distribution
- 36% of the sources lean Left, 36% of the sources lean Right
36% Right
L 36%
C 28%
R 36%
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