Energy Secretary Wright says U.S. ‘not ready’ to escort oil tankers through Strait of Hormuz yet
... Wright’s comments come after a post on his social media account wrongly claimed on Tuesday [Mar 10] that the Navy had escorted a tanker through the Strait. The post was quickly deleted from his account, but it sent oil prices plunging more than 17% at their lows Tuesday.
President Donald Trump promised on March 3 that “the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible.”
Tanker traffic through the Strait remains at a standstill as ship owners fear attacks by Iran. The closure of the Strait has triggered the largest oil supply disruption in history, according to analyses from consulting firms Rapidan Energy and Wood Mackenzie. ...
