Bessent says oil markets are 'well supplied' as ships slowly return to the Strait of Hormuz

7 hours ago 2

Treasury Secretary Scott Bessent said Monday that the U.S. will ultimately retake control of the Strait of Hormuz bordering Iran and restore freedom of navigation, even as ship traffic through the critical waterway slowly rebuilds.

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Bessent says oil markets are 'well supplied' as ships slowly return to the Strait of Hormuz

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