{"id":126006,"date":"2026-03-30T12:54:52","date_gmt":"2026-03-30T16:54:52","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/bessent-says-more-and-more-ships-moving-through-strait-of-hormuz-could-ease-oil-price-pressure-126006"},"modified":"2026-03-30T12:54:52","modified_gmt":"2026-03-30T16:54:52","slug":"bessent-says-more-and-more-ships-moving-through-strait-of-hormuz-could-ease-oil-price-pressure","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/bessent-says-more-and-more-ships-moving-through-strait-of-hormuz-could-ease-oil-price-pressure-126006","title":{"rendered":"Bessent says \u2018more and more\u2019 ships moving through Strait of Hormuz, could ease oil price pressure"},"content":{"rendered":"
\n

An increase in ship traffic through the Strait of Hormuz could help ease pressure on oil prices, Treasury Secretary Scott Bessent<\/a> suggested Monday, signaling potential relief as markets fret over rising costs.<\/p>\n

“Any supply is helpful<\/a>, and we want to get back to normal,” Bessent told “Fox & Friends,” referencing the uptick.<\/p>\n

“The market is in deficit [by] about 10 to 12 million barrels a day, and we’re making up for that deficit.”<\/p>\n

SCOTT BESSENT CALLS OUT ‘TERRIBLE FRAMING’ DURING CLASH WITH NBC NEWS HOST ON IRANIAN OIL<\/strong><\/a><\/p>\n

As more countries strike deals with Iran<\/a> to keep oil moving, Bessent said the increase in shipments is helping ease supply concerns.<\/p>\n

On top of movement through the strait, the Trump administration has facilitated a 172-million barrel release from the Strategic Petroleum Reserve (SPR) as part of a 400-million-barrel coordinated international effort to address energy supply chokeholds.<\/p>\n

TRUMP\u2019S MIDDLE EAST ENVOY REVEALS WHAT LED TO BREAKDOWN IN IRAN TALKS BEFORE OPERATION EPIC FURY<\/u><\/strong><\/a><\/p>\n

That effort, combined with unsanctioning Russian and Iranian crude already on the water, is said to help mitigate the cost as well.<\/p>\n

“[There is] no extra money for either one of those regimes,” Bessent clarified, referencing the eased sanctions.<\/p>\n

“So the market is well-supplied, and we are seeing more and more ships go through on a daily basis as individual countries cut deals with the Iranian regime, for the time being.”<\/p>\n

He added that further relief could be on the horizon as the U.S. moves to secure the key global oil route.<\/p>\n

“Over time, the U.S. is going to retake control of the straits, and there will be freedom of navigation, whether it is through U.S. escorts or a multinational escort.”<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/bessent-says-more-more-ships-moving-through-hormuz-could-ease-oil-price-pressure <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

An increase in ship traffic through the Strait of Hormuz could help ease pressure on oil prices, Treasury Secretary Scott Bessent suggested Monday, signaling potential […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-126006","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nBessent says \u2018more and more\u2019 ships moving through Strait of Hormuz, could ease oil price pressure - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/bessent-says-more-and-more-ships-moving-through-strait-of-hormuz-could-ease-oil-price-pressure-126006\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bessent says \u2018more and more\u2019 ships moving through Strait of Hormuz, could ease oil price pressure - 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