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Bessent said naval protection, strategic reserves and financial buffers are in place as Washington weighs risks to shipping, allies and global energy supplies.
Oil prices have rebounded as Iran’s blockade of the Strait of Hormuz deepens, with analysts warning the energy shock could spill into fertilizer and food.
Bessent said naval protection, strategic reserves and financial buffers are in place as Washington weighs risks to shipping, allies and global energy supplies.
Oil prices have rebounded as Iran’s blockade of the Strait of Hormuz deepens, with analysts warning the energy shock could spill into fertilizer and food.