The United States is "fine" with some Iranian, Indian and Chinese ships going through the Strait of Hormuz for now, Treasury Secretary Scott Bessent said on Monday, adding that any action to mitigate higher prices would depend on how long the Iran war lasts. "We are seeing more and more of the fuel ships start to go through. The Iranian ships have been getting out already, and we've let that happen to supply the rest of the world. We've seen Indian ships go out now ... we believe some Chinese ships have gone out," he told CNBC in an interview. We want the world to be well supplied," Bessent said.

Source: The Telegraph March 16, 2026 13:23 UTC