Oil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz
The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.
‘Maybe on PlayStation’: Iran MP taunts US over tanker escort claim; analyst says Hormuz ‘math’ is on Tehran's side
The controversy began when US Energy Secretary Chris Wright posted on social media that an oil tanker had successfully crossed the Strait of Hormuz under escort by the US Navy.
US' Claim, Iran's Refusal And A U-Turn: Oil Still Stuck In Strait Of Hormuz
US Energy Secretary Chris Wright posted a claim that the United States military escorted an oil tanker travelling through the Strait of Hormuz to ensure global energy supplies, adding to confusion in an already volatile oil market.
AOL
With some 2,000 ships stranded, Iran claims it's easing grip on Strait of Hormuz
Iran's Ministry of Foreign Affairs claimed in a letter to the U.N.'s International Maritime Organization (IMO) that the Strait of Hormuz, the critical maritime passage for the oil and shipping trades, is open to "non-hostile" vessels. In the letter, dated ...