‘We are simply not ready’: US says its military cannot escort vessels in Strait of Hormuz right now

[ad_1] The United States military is not yet ready to escort commercial oil tankers through the strategically vital Strait of Hormuz, as its resources are currently focused on operations against Iran, US energy secretary Chris Wright said on Thursday.Speaking to CNBC, Wright said the US military’s immediate priority is targeting Iran’s offensive capabilities and the […]

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Us India Oil Waiver: ‘Releases the pressure on other refineries’: US says India’s Russian oil waiver is a short-term step to stabilise global prices

[ad_1] The United States has said its decision to grant India a temporary waiver to purchase certain Russian oil supplies is a short-term move aimed at stabilising global crude prices amid supply disruptions linked to tensions in the Middle East.US energy secretary Chris Wright said the measure is intended to quickly bring oil stored in […]

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