Bessent says too much is being made of the run-up in oil prices from Iran's retaliatory measures to U.S.-Israel strikes, claiming coverage of the risks around the Strait of Hormuz is being amplified by anti-Trump media bias and is part of Iran's strategy.  Prices will eventually return to levels that are lower than what the oil futures curve anticipates. "This will end. And I don't know how many weeks it will be, but on the other side of this, the world will be safer and we will be better supplied." https://www.cnbc.com/video/2026/03/16/treasury-secretary-bessent-us-is-allowing-iranian-tankers-through-strait-of-hormuz.html(Nick Timiraos)