US Navy to Escort Oil Tankers Through Strait of Hormuz as Gas Prices Surge Over 70 Cents

Treasury Secretary Scott Bessent addressed rising tensions in the Middle East, stating the United States Navy could escort commercial ships through the Strait of Hormuz. According to NewsNation on March 14, 2026, Bessent spoke as President Donald Trump announced support for countries ensuring oil flows through the strait amid Iranian threats. Trump posted on Truth Social that nations receiving oil via the strait must secure the passage, with the United States ready to coordinate and assist. This follows United States strikes on Iranian military sites on Kharg Island, a key oil export hub, described by Trump as one of the most powerful bombing raids in Middle Eastern history. United Nations data shows maritime traffic along the strait down 97 percent since the conflict escalated. Gas prices in the United States have surged, with the average for a gallon of regular up over 70 cents from last month and nearly a quarter from last week, per GasBuddy. Bessent's comments aim to ease global oil market disruptions from Middle East supply issues. Meanwhile, late-night host Bill Maher mocked the Trump administration's style on Real Time with Bill Maher, noting Cabinet members like Bessent wearing shoes gifted by Trump. The Daily Beast reports Trump guesses shoe sizes for men in his orbit, sending Florsheim leather oxfords, though women do not receive them. Secretary of State Marco Rubio has been seen in oversized pairs, drawing jokes about clown shoes. Trump defended the habit on Fox News, saying he helps with comfortable footwear to make his team look sharp. These anecdotes highlight lighter moments amid heavy policy moves. Vice President JD Vance expressed measured views on prolonged foreign involvement, emphasizing team debate in national security decisions.

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