Bessenter: The United States "approves" of some ships passing through the Strait of Hormuz.

U.S. Treasury Secretary Bessant said on Monday that the U.S. currently approves of some ships passing through the Strait of Hormuz. He also noted that any measures aimed at alleviating rising oil prices will depend on the duration of the conflict with Iran. "We're seeing more and more fuel ships setting sail. Iranian ships have already left, and we've allowed that to happen so that fuel can be supplied to the rest of the world. We're also seeing Indian ships setting sail now," he said. "This should gradually increase before any fleet or escort fleet appears in the Gulf region. So we think Iran will naturally make concessions. We're satisfied with that at the moment. We hope for sufficient global supplies," Bessant said. When asked whether the Trump administration would use other means besides releasing oil reserves to alleviate rising oil prices and the impact of the war, Bessant said, "That will depend on the duration of the conflict." (Jinshi)