Washington: US Treasury Secretary Scott Bessent announced plans for the United States to reclaim control of the Strait of Hormuz, emphasizing the restoration of freedom of navigation in the strategic waterway. Bessent shared these intentions during an interview with Fox News, noting that the US would achieve this goal through American or multinational escorts.

According to Anadolu Agency, Bessent addressed concerns about potential interference from Yemen's Houthi group, particularly following their missile strikes on Israel. He minimized the threat, suggesting the Houthis would likely remain inactive in the Red Sea region. Bessent also commented on the Trump administration's decision to lift sanctions on Russian and Iranian oil already at sea, asserting that this move did not financially benefit the two countries.

Bessent highlighted the current global oil supply deficit, with a shortfall of 10 to 12 million barrels daily. The International Energy Agency's release of reserves is addressing only a portion of this deficit, covering approximately 4 million barrels. The disruption in the Strait of Hormuz, a crucial passage for around 20% of the world's oil supply, has contributed to rising oil prices and economic concerns since early March.

US President Donald Trump reiterated the US's capability to control the strait in an interview with Israel's Channel 14, stating that measures are already being implemented. On his social media platform Truth Social, Trump warned of potential military actions against Iran if a resolution is not reached. He mentioned the possibility of targeting Iranian infrastructure, including electric generating plants and Kharg Island, if the strait is not reopened promptly.

The situation has intensified since the US-Israeli strikes against Iran began on February 28, resulting in significant casualties, including the death of former Supreme Leader Ali Khamenei. The geopolitical tensions continue to escalate as negotiations progress.