US says will take control of Strait over time, sees oil market well supplied
US Treasury Secretary Scott Bessent said on Monday the United States would “take control” of the Strait of Hormuz over time, as tensions with Iran affect global oil markets.
Speaking to Fox News, Bessent said the market was “well supplied” and that any additional supply would be helpful.
He added the US was seeing more oil supply as countries struck deals with Iran.
