Scott Bessent, US treasury secretary, speaks during the Trump Accounts Launch Summit in Washington, DC, US, on Wednesday, Jan. 28, 2026.
Valerie Plesch | Bloomberg | Getty Images
Treasury Secretary Scott Bessent said Wednesday Washington will roll out a series of measures aimed at stabilizing oil shipments through the Persian Gulf, signaling that the government is prepared to step in as geopolitical tensions threaten one of the world’s most critical energy corridors.
“We have a series of announcements that we’re going to be making,” Bessent said on CNBC’s “Squawk Box.” “We began yesterday with with the announcement that DFC will provide the insurance for both the crude carriers and the cargo ships operating in around the Gulf over the weekend.”
His comments come as markets remain on edge following escalating conflict involving Iran, which has heightened fears of disruptions to oil flows through the Strait of Hormuz, a narrow waterway that handles roughly a fifth of global crude shipments.
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