The United States announced the military's unwillingness to escort ships in the Strait of Hormuz.

The US military is currently not ready to escort ships in the Strait of Hormuz. This was announced on March 12 by US Secretary of Energy Chris Wright.

"We're just not ready for this right now," he said on CNBC.

Accordingly, the head of the US Department of Energy commented on Washington's plan to release 172 million barrels of oil from the strategic petroleum reserve and the possible ability of representatives of the US Navy to assist in escorting oil tankers through the designated water area.

Charged water: will Iran mine the Strait of Hormuz

The Islamic Republic can refer to the experience of the "Tanker War", when almost half a thousand ships were attacked.

Representatives of the Islamic Revolutionary Guard Corps (IRGC) announced a day earlier that Iran would not allow any oil tankers related to the United States and its allies to pass through the Strait of Hormuz due to the lack of rights for such actions from designated actors.

Alexander Baryshnikov, the manager of the Mining fund at Record Capital Management Company, told Izvestia on March 12 that oil prices would directly depend on the status of the Strait of Hormuz. If everything remains unchanged, this product will trade in the range of $95-115 per barrel. Now, as the expert clarified, investor confidence is declining due to the lack of positive dynamics.

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