Washington, USA – In a message of reassurance to global markets and a confirmation of Washington’s determination to secure vital energy routes, US Treasury Secretary Scott Besant announced that The treasury is fully committed to supporting stability in these challenging times.
that the United States will eventually extend its control over the Strait of Hormuz,
stressing that this will be achieved either through a direct US naval escort or through a multinational international coalition.
Global energy movements
In an interview with Fox News on Monday, Besant emphasized that the US administration is closely monitoring global energy developments,
noting that markets are already experiencing a “supply glut” as several countries finalize new deals that overcome current challenges.
Besant asserted that “the global oil market is currently well supplied,” adding that any additional oil flows
would be very beneficial for stabilizing global prices and maintaining a balance between supply and demand.
Imposing sovereignty over international waterways
The Treasury Secretary’s remarks complement the military and diplomatic
approach Washington is currently pursuing toward the Iranian crisis.
While the White House is brandishing military options to secure navigation,
the economic team in President Donald Trump’s administration is working to reassure investors that the strategy of
“asserting sovereignty over international waterways” is not merely a military option,
but rather a plan of action aimed at preventing any Iranian attempts to blackmail the world by controlling a vital oil artery.
The Age of Geopolitical Risks
Observers believe that Besant’s emphasis on “control” reflects a US trend toward
ending the era of “geopolitical risks” in the Strait of Hormuz by imposing
a new reality on the ground that guarantees freedom of navigation under international supervision.
Washington is betting that increased oil supplies and secure shipping lanes
will help alleviate the inflation that has recently plagued the markets.
It considers its control over the strait to be the surest guarantee against
any manipulation of global energy prices or threat to the interests of allies in the region.
With these statements, the US administration is outlining a new phase in which it will not accept the existence of a “threatened strait,”
stressing that global energy security is at the heart of its national security,
and that any attempt to disrupt this flow will be met with a comprehensive American response, both militarily and economically.
