Treasury Secretary Scott Bessent appeared on FNC’s “Fox & Friends” on Monday to lay out the Trump administration’s plan to reopen the Strait of Hormuz.
Bessent explained that some oil passing through the strait was being “unsanctioned,” and he dismissed the threat from Houthis.
“So, first off, there is some movement on the Strait of Hormuz,” FNC host Brian Kilmeade said. “You said 10 ships yesterday, 20 today. Your thoughts about what — how that impacts oil prices.”
Bessent replied, “Well, again, any supply is helpful, and we want to get back to normal. The market is in deficit about 10 to 12 million barrels a day, and we’re making up for that…
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