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Axios

Ship escorts to start in Strait of Hormuz "soon," Trump officials say

Donald Trump Scott Bessent Sky News Hormuz Chris Wright United States Oil IEA the Strait of Hormuz

The U.S. Navy will escort ships through the Strait of Hormuz, "perhaps with an international coalition," as "soon as it is militarily possible," Treasury Secretary Scott Bessent said in a Sky News interview broadcast Thursday.

Why it matters: The International Energy Agency said Thursday the global oil market is facing "the largest supply disruption" in history due to the Iran war, which Bessent told Sky News has cost the U.S. $11 billion thus far.

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