Defense Secretary Pete Hegseth clashed with CBS’s Margaret Brennan on Sunday over whether the U.S. ever established functional military control over the Strait of Hormuz, as the administration once again promised that a peace agreement was hours away from being inked.
For months, the strait’s closure has affected global shipping traffic and put a serious dent in the amount of oil making it to market every month. The resulting fuel price spikes have soared past $4 a gallon across the U.S., but in recent days has begun to decline towards pre-war levels.
