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From the Liveblog of
Monday, March 30, 2026
From the Liveblog of
Monday, March 30, 2026
US will take control of Strait of Hormuz ‘over time,’ treasury chief says
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US Treasury Secretary Scott Bessent testifies before the Senate Committee on Banking, Housing, and Urban Affairs in the Dirksen Senate Office Building on February 5, 2026, in Washington, DC. (Kevin Dietsch/Getty Images North America/Getty Images via AFP)
US Treasury Secretary Scott Bessent says the global oil market is well supplied, with more boats traveling through the Strait of Hormuz.
“Over time, the US is going to retake control of the straits and there will be freedom of navigation, whether it is through US escorts or a multinational escort,” Bessent says in an interview with Fox News.
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