Treasury Secretary Scott Bessent stated that the United States is permitting Iranian oil tankers to pass through the Strait of Hormuz, according to CNBC. He noted the United States believed Iran is allowing a gradual reopening of the route, adding that Washington is comfortable with the situation for the time being as it wanted to ensure adequate global energy supplies. Tanker movement through the Strait of Hormuz has dropped sharply as Iran targets commercial vessels in the Persian Gulf. Bessent said Washington expects tanker traffic through the strait to pick up before American and allied naval forces begin escorting merchant ships. The vessel arrived after safely exiting the Strait of Hormuz late the previous night or early in the morning.

Source: Mint March 16, 2026 22:36 UTC