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Iranian Oil Ships Allowed Through Hormuz, Says Treasury Chief

U.S. Treasury Secretary Scott Bessent (Pic via @ReutersChina)

The United States is allowing Iranian oil tankers to pass through the Strait of Hormuz despite ongoing tensions in the region. Treasury Secretary Scott Bessent confirmed the move in an interview with CNBC.

He said the decision helps maintain global energy supplies during the current Middle East conflict, according to the report.

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