BUSINESSglobal
Why is US allowing Iran to continue shipping oil through the Strait of Hormuz? Treasury Secretary explains
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Updated 3 hours ago
First seen March 17, 2026 02:56:26Stay on top of this story
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Quick Summary
Scott Bessent, US Treasury Secretary, confirmed that Iranian oil tankers are permitted to pass through the Strait of Hormuz. He acknowledged a decrease in tanker movements but said traffic is likely to increase as US naval forces prepare to escort merchant ships.