It was a day of headlines some true and some untrue. None more interesting than a tweet by Energy Secretary Wright claiming, “The U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets" which was later deleted and White House Press Secretary saying ″The US Navy has not escorted a tanker or a vessel at this time”. Oil prices whipsawed following the updates, falling as much as 17% before it was retracted. Adding to the volatility…
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