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U.S. Confident in Regaining Control of Hormuz Strait

3/30/2026

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent said on March 30 that the global oil market remains well supplied.
He noted an increase in maritime traffic through the Strait of Hormuz.
Bessent expressed confidence that the U.S. will regain control of the Strait of Hormuz, ensuring freedom of navigation through either U.S. escorts or a multinational escort.
He made these remarks during an interview with Fox News Channel's Fox & Friends.

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Story summary

U.S. Treasury Secretary Scott Bessent said on March 30 that the global oil market remains well supplied.
He noted an increase in maritime traffic through the Strait of Hormuz.
Bessent expressed confidence that the U.S. will regain control of the Strait of Hormuz, ensuring freedom of navigation through either U.S. escorts or a multinational escort.
He made these remarks during an interview with Fox News Channel's Fox & Friends.