U.S. Navy has not yet escorted ships through Strait of Hormuz, White House says
White House denies Energy Secretary's claim of U.S. Navy escort in the Strait of Hormuz amid ongoing regional conflict and shipping disruptions.
- 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.
121 Articles
121 Articles
US energy chief's deleted Hormuz X post called market manipulation
US Energy Secretary Chris Wright, a former fracking executive, was accused on Tuesday of manipulating global markets after he posted a striking claim on social media. The American Navy, he wrote, had “successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing.” The post on X was deleted minutes later, after “oil prices slid at […] The post US energy chief’s deleted Hormuz X post called market manipulation appe…
The world oil markets recorded this week some of the biggest price fluctuations in history, after the US-Israel war with Iran restricted the flow of peace in the Middle East through the Ormuz Stream, reports The Guardian.
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