American Treasury Secretary Scott: The US will regain control of the Hormuz Straits

He also said in the interview that the global oil market “is in a deficit of about 10 to 12 million barrels per day, and we are making up for this deficit.” According to him, the coordinated release of the International Energy Agency’s strategic reserves amounts to about 4 million barrels per day in preparation for this deficit.

He also pointed to the Trump administration’s move to lift sanctions on Russian and Iranian oil. He claimed that this decision did not earn any of the American rivals additional funding, and said that “there is no additional money for any of these regimes.”

When asked about fears of renewed disruptions in supplies through the Red Sea, due to Houthi activity, Basant said: “The Houthis have been very quiet so far.” We will recall that last Saturday rockets were fired at Israel, but Basant said that their shelling “was specific to Israel”. Regarding the disruption of maritime trade in the Red Sea, Besant noted about the Houthis that “they have been pretty quiet so far, and I expect they will probably stay that way.”

A short while ago, the American president published a statement on his social network truthsocial, in which he wrote that “significant progress has been made, but if for any reason an agreement is not reached soon, and in all likelihood it will be, and if the Strait of Hormuz is not immediately opened for business activity, we will end our ‘stay’ in Iran by blowing up and completely destroying all of their power plants, oil fields, and Kharg Island (and possibly all of the desalination facilities), which we have so far chosen not to ‘touch’ on purpose”.