White House says US Navy has not escorted tanker through Strait of Hormuz
The United States has not escorted any oil tanker through the Strait of Hormuz, the White House said Tuesday, after the energy secretary's social media account posted and deleted a claim that it did so.
The shift in narrative caused markets to swing, with oil dropping sharply after Energy Secretary Chris Wright's initial post.
Oil prices pared back some losses after Wright's post on X was deleted -- just minutes after publication.