U.S. Promises to Safely Escort Tankers When They Literally Control Everything Else
KEY POINTS
- ā¢On March 12, Treasury Secretary Scott Bessent said the U.S. Navy plans to escort tanker ships through the Strait of Hormuz once possible.
- ā¢Energy Secretary Chris Wright said escorts would happen soon but currently all military efforts focus on destroying Iran's missile capabilities.
- ā¢The International Energy Agency warns that global oil prices topped $100 a barrel due to the Iran conflict and supply disruptions.
Treasury Secretary Scott Bessent spilled the tea on March 12: The U.S. Navy is ready to escort ships through the Strait of Hormuz 'as soon as militarily possible,' which means as soon as they perform an Air Force rack-up and turn Iranās missile workshop into rubble. Despite Iranian and some Chinese tankers slipping through clean, fears of mines have tanked traffic and raised oil beyond $100 a barrel. Energy Secretary Chris Wright promised 'relatively soon' for escorts, just not right now, since all military assets are busy dismantling Iranās offense like a $11 billion expense report gone wrong. Meanwhile, Trumpās call for a 400-million barrel emergency oil dump buys gas mileage, but really, what else to do if the worldās oil chokehold has been on pause for two weeks straight?
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(1 of 3)Source: Axios | Published: 3/13/2026 | Author: Rebecca Falconer