Oil Prices May Not Fall Soon, U.S. Energy Secretary Says
Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
Energy Secretary Chris Wright said the Strait of Hormuz, a critical passageway for oil shipments, remained unsafe for tankers. Iran has been firing projectiles and laying mines.
The unit’s arrival in the coming days will give the Pentagon the ability to quickly launch raids.
Unleashing his inner hawk, Secretary of State Marco Rubio plans President Trump’s military interventions. So far, they favor regime compliance, not change.
Defense Secretary Pete Hegseth said that the disruptions in the Strait of Hormuz were “something we are dealing with.” And about 2,500 Marines were headed to the Middle East to bolster the war effort.
Darren Beattie, the U.S. policy adviser on Brazil, planned to visit former President Jair Bolsonaro in prison and meet his son, who is also seeking the presidency.
President Trump said protesters risk getting shot “right through the head,” a change in tone from his earlier comments that Iranians must seize the chance to take over their government.
Amazon, Google and others struck deals in the Persian Gulf to foot the bill for A.I. development. Iran has now threatened attacks against the companies’ infrastructure in the region.
At a news conference, Defense Secretary Pete Hegseth gave no indication of how long it would take before the Navy could escort civilian cargo ships through the Strait of Hormuz.
Treasury Secretary Scott Bessent said it was “unfortunate” that the move could benefit Russia, but maintained that it was only for the short term.
A fifth of the world’s oil passes through the strait, making it a critical choke point in global commerce.