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US Treasury Secretary: US Navy Will Escort Oil Tankers Through Strait of Hormuz
Breaking News from Mars Finance: On March 13, U.S. Secretary of the Treasury Janet Yellen revealed that the U.S. Navy will escort oil tankers passing through the Strait of Hormuz. Iran’s new Supreme Leader, Ayatollah Muqtada al-Husayni, stated on Thursday that they plan to use the effective closure of this strategic waterway, which accounts for 20% of the world’s oil supply, as leverage against the United States and Israel. Yellen responded, “I believe that as long as military conditions permit, the U.S. Navy — perhaps together with an international coalition — will immediately begin escorting ships. In fact, oil tankers are still passing through, including Iranian tankers. So we know they haven’t blocked the strait.”