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Energy Secretary Wright says US could soon escort tankers in Strait of Hormuz, but ‘not ready’ yet

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7 hours ago

Energy Secretary Chris Wright on Thursday said that while the U.S. Navy may soon be in a position to escort oil tankers through the Strait of Hormuz to protect them from attacks by Iran, the Navy isn't yet ready to do so.Wright said in an interview on CNBC's "Squawk Box" that tanker escorts through the Strait of Hormuz – a vital chokepoint in the shipping lanes through the Persian Gulf – will be on the table in the near future as the air campaign against Iran's military capabilities continues. Shipping traffic in the strait has largely ground to a halt due to the risk of Iranian attacks."It'll...

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7 hours ago
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