[U.S. Treasury Secretary: U.S. Navy to Escort Oil Tankers Passing Through the Strait of Hormuz] BlockBeats News, March 13, U.S. Treasury Secretary Besant revealed that the U.S. Navy will escort oil tankers passing through the Strait of Hormuz. Iran's new Supreme Leader Mojtaba Khamenei stated on Thursday that there are plans to effectively close this strategic waterway, which accounts for 20% of global oil supply, as a bargaining chip against the U.S. and Israel. Besant responded: 'I believe that as long as military conditions permit, the U.S. Navy—perhaps in collaboration with an international coalition—will immediately begin escorting vessels. In fact, oil tankers are still passing through, including Iranian tankers. So we know they have not blocked the strait.'