— Over time, the United States will regain control of the straits and navigation will be free Bessent said.
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The Treasury Secretary said Washington would meet that goal.”whether it be through American or international escorts“.
Oil deficit and the actions of the International Energy Agency
Scott Bessent noted that The global oil market is currently struggling with a deficit of 10 to 12 million barrels per day. However, he noted that thanks to the coordinated release of strategic reserves by the International Energy Agency (IEA), an additional 4 million barrels per day are entering the market. This is a step towards easing the crisis, although there is still much to be done.
Bessent also referred to the controversial decision of US President Donald Trump's administration to lift sanctions on Russian and Iranian oil that was already on its way to world markets. As he emphasized, this move did not bring additional funds to any of the countries competing with the US.
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— None of these regimes received additional money Bessent assured in an interview with Fox News.
Calm in the Red Sea and the actions of the Houthis
Asked about the potential risk of supply disruptions through the Red Sea, Scott Bessent pointed to the relatively calm behavior of the Iran-backed Houthi militant group.
“They've been quite calm so far and I expect they will remain that way,” he said.
Read also: Strait of Hormuz partially open. The Minister of Foreign Affairs of Iran announced the list of countries
It is worth recalling that on Saturday, the Houthis fired ballistic missiles towards Israel. Bessent clarified that these actions were aimed specifically at a specific country and not at trade routes through the Red Sea.
