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U.S. is allowing Iranian oil tankers through Strait of Hormuz, says Bessent

The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.

1 report1 sourceMar 16, 2026, 3:36 PM
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CNBCMar 16, 2026, 3:36 PM

U.S. is allowing Iranian oil tankers through Strait of Hormuz, says Bessent

The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.

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