Bessent Says US to ‘Retake’ Hormuz Strait Control, Eyes Escorts
Tankers at a port in the Sharjah Emirate, along the Strait of Hormuz.
Photographer: Giuseppe Cacace/AFP/Getty ImagesTreasury Secretary Scott Bessent indicated optimism about a reopening of the Strait of Hormuz for passage of cargo ships and said the administration is steadily moving to address the shortage of global oil supplies.
“Over time, the US is going to retake control of the straits, and there will be freedom of navigation — whether it is through US escorts or a multinational escort,” Bessent said in an interview Monday on Fox News.