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Last Updated:March 10, 2026, 23:16 IST
News18
US Energy Secretary Chris Wright on Tuesday said the US Navy escorted an oil tanker through the Strait of Hormuz, in what was understood to be the first such operation since the launch of the US-Israel war on Iran.
Oil was already down on Tuesday, but dropped past 15% after the announcement of the US escort.
“The US Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets," Wright posted on social media, as fighting raged in a war that has roiled oil markets and brought many shipments of the commodity to a standstill.
Nearly a fifth of global oil production passes through the key waterway, with Tehran on Tuesday vowing that not one liter of the commodity would be exported from the Gulf while the war is ongoing.
First Published:
March 10, 2026, 23:16 IST
News world US Navy Escorts Tanker Through Hormuz; Oil Prices Plunge 15%
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