Energy
Energy Secretary Wright says U.S. ‘not ready’ to escort oil tankers through Strait of Hormuz yet
Key Points
- Energy Secretary Chris Wright told CNBC that the U.S. Navy is not ready to begin escorting oil tankers through the Strait of Hormuz.
- Wright said all U.S. military assets in the region are focused on destroying Iran’s offensive capabilities right now.
- He said the Navy might be in a position to start escorting tankers by the end of the month. Brent oil prices touched $100 per barrel earlier Thursday.
