Washington, United States, May 4, 2026 (AFP) - US Treasury chief says Hormuz operation can ease oil shock

NAMPA / AFP

2026-05-04

Treasury Secretary Scott Bessent said Monday that the US mission to restore maritime traffic through the Strait of Hormuz can help alleviate an ongoing oil shortage, adding that "help is on the way" for consumers. After a US-Israeli military campaign targeting Iran that began on February 28, Tehran's forces effectively closed the strait, a key route for oil and gas transit. Global oil prices have since surged, as have costs at US gasoline pumps,......

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2026-05-04 17:00:15

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