Bessent says US fine with some ships transiting Strait of Hormuz for now
The United States is "fine" for now with some Iranian, Indian and Chinese fuel ships moving through the Strait of Hormuz, Treasury Secretary Scott Bessent said on Monday.
Bessent told CNBC that more fuel tankers were beginning to transit the key waterway and said Iranian vessels had already been leaving to supply global markets.
"We are seeing more and more of the fuel ships start to go through," he said, adding that Indian ships and some Chinese vessels had also departed the Persian Gulf.
Bessent said the movement of ships could help reopen the route naturally before any naval escort missions are deployed in the region.
He added that any US action to mitigate higher energy prices from the war would depend on how long the conflict lasts.
