Why is US allowing Iran to continue shipping oil through the Strait of Hormuz? Treasury Secretary explains

Mar 16, 2026 - 11:00
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Why is US allowing Iran to continue shipping oil through the Strait of Hormuz? Treasury Secretary explains
Scott Bessent, US Treasury Secretary, confirmed that Iranian oil tankers are permitted through the Strait of Hormuz. He noted a decrease in tanker movements but anticipates an increase as US naval forces prepare to escort merchant ships.

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