BlockBeats News, March 13, U.S. Treasury Secretary Bessent revealed that the U.S. Navy will escort oil tankers through the Strait of Hormuz.
Iran’s new supreme leader, Mujtaba Khamenei, stated on Thursday that plans to effectively shut down this strategic waterway, which handles 20% of global oil supply, will be used as leverage against the U.S. and Israel. Bessent responded, “I believe, as long as military conditions permit, the U.S. Navy—possibly together with an international coalition—will immediately begin escorting vessels. In fact, oil tankers are still passing through now, and Iranian tankers are passing through. So we know they have not blockaded the strait.”
According to monitoring by PolyBeats, on the prediction market Polymarket, the probability of “the Strait of Hormuz resuming navigation before April 30” is 46%.
