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Bessent makes stunning Hormuz move that could reset oil prices

THE STREET·4d ago·3 min read
Photograph via The Street
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Every American learns where the Strait of Hormuz is at the worst possible moment. It is a 21-mile-wide bottleneck off the coast of Oman that, on a quiet week, carries one in five barrels of the world's oil. When it works, nobody talks about it. When it stops, you find out at the pump. It stopped on …

Every American learns where the Strait of Hormuz is at the worst possible moment. It is a 21-mile-wide bottleneck off the coast of Oman that, on a quiet week, carries one in five barrels of the world's oil. When it works, nobody talks about it. When it stops, you find out at the pump. It…

Every American learns where the Strait of Hormuz is at the worst possible moment. It is a 21-mile-wide bottleneck off the coast of Oman that, on a quiet week, carries one in five barrels of the world's oil. When it works, nobody talks about it. When it stops, you find out at the pump. It stopped on …

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