Oil prices fell after Energy Secretary Chris Wright falsely claimed in a tweet that the U.S. Navy escorted an oil tanker through the Strait of Hormuz.
On March 10 afternoon Energy Secretary Chris Wright deleted a social media post claiming the US Navy had successfully escorted an oil tanker through a key Iranian waterway known as the Strait of Hormuz, which carries 20% of the world’s oil supply. During a press briefing Tuesday afternoon, White House press secretary Karoline Leavitt said...
The U.S. military has not yet escorted any oil tankers through the Strait of Hormuz, White House press secretary Karoline Leavitt said Tuesday, contradicting a now-deleted post from Energy Secretary Chris Wright. “I was made aware of this post. I haven’t had a chance to talk to the Energy secretary about it directly, however, I…
Oil prices have dropped for two straight days following previous surges, having hit four-year highs on Monday before logging the biggest single-day percentage drop since 2022. Oil prices plunged on Tuesday when Secretary of Energy Chris Wright claimed in an X post that the U.S. Navy successfully escorted an oil tanker through the Strait of ...
The US and Iran escalated attacks in the 11th day of the war as oil markets saw fresh volatility and the Trump administration said it’s keeping open additional options to curb spiking energy prices. Attention continued to be focused on an oil market Tuesday, whipsawed amid the White House’s acknowledgment that a post from US Energy Secretary Chris Wright…
