US Navy to escort oil tankers through Strait of Hormuz
US Navy to escort oil tankers through Strait of Hormuz amid Iranian activity. US Treasury Secretary Scott Bessent announced the US Navy will begin escorting oil tankers through the Strait of Hormuz, potentially with international coalition support. Iranian and Chinese-flagged tankers are currently operating in the strait, though tensions remain high following Iran's threats to close the strait and aggressive shipping attacks. These actions contribute to rising oil prices exceeding $100 per barrel. The move aims to safeguard maritime transport in the region.