US Navy Prepares Tanker Escorts Through Blocked Strait of Hormuz
The US Navy is considering escorting oil tankers through the Strait of Hormuz, closed by Iranian missile and drone strikes disrupting 20% of global oil trade. President Trump anticipated the blockade and directed military options to reopen the vital chokepoint, with oil prices surging as a result. Treasury Secretary Scott Bessent will meet China next week on trade amid energy market chaos from the two-week war. The move aims to mitigate economic impacts on Americans from the Hormuz disruption.
nytimes.com