The Trump administration’s conflicting comments on the war in Iran have caused oil prices to fluctuate wildly for a second day. Energy Secretary Chris Wright initially said the US Navy had escorted an oil tanker, but later deleted the message after it was confirmed that no such operation took place. However, White House Press Secretary Karoline Leavitt stated that the US military is preparing additional options to address any potential threats from Iran to the Strait of Hormuz, a key trade route. This shift in messaging has left investors and energy markets on high alert.
Source: https://www.bloomberg.com/news/articles/2026-03-10/us-says-it-s-escalating-war-on-iran-dampening-chance-for-talks