Oil prices fall after Energy Secretary claims U.S. Navy escort of tanker in since-deleted tweet

[nitpicked]

https://www.cnbc.com/2026/03/10/crude-oil-prices-today-iran-war.html

Oil prices fell sharply Tuesday, after Secretary of Energy Chris Wright said in a social media post that the U.S. Navy had successfully escorted a tanker through the Strait of Hormuz.

But the post appeared to have been subsequently removed. CNBC has reached out to the Department of Energy and White House for comment.

U.S. crude oil fell about 15% to $80.26 per barrel. Brent crude, the global benchmark, was down 14.4% at $84.69. The declines came after oil briefly surged as high as almost $120 on Monday.

“The U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets,” Wright said in the post, which is no longer available to view.
(snip)

[nitpicked]

1. CNBC update

https://www.cnbc.com/2026/03/10/crude-oil-prices-today-iran-war.html

(snip)
Oil prices fell sharply Tuesday, after Secretary of Energy Chris Wright said in a social media post that the U.S. Navy had successfully escorted a tanker through the Strait of Hormuz.

But the post appeared to have been subsequently removed. CNBC has reached out to the Department of Energy and White House for comment.

U.S. crude oil was last down 10.55% at $84.77 per barrel by 2:24 p.m. ET. Brent crude, the global benchmark, was trading 9.4% lower at $89.66. Prices fell more than 17% immediately after Wright’s post.
(snip)

[Wonder Why]

2. as the Grifter in Chief's friends and family get into the market on the short term drop?

[orangecrush]

8. You bet

[pat_k]

3. Baffling that the "markets" don't recognize that providing enough protection to restore even a small percentage...

... of normal traffic is far, far beyond our capacity.

Even if true (and I don't buy it for a second) an occasional escorted tanker will NOT get production back online.

And Russia is gleefully raking in money on those "waivers"

And even if by some miracle this criminal war had been "successful," that doesn't change the fact that starting it was both a criminal and intolerably immoral act that must be denounced by every person with a conscience.

Call to action: Each and every person with a conscience has work to do in the weeks ahead.
https://www.democraticunderground.com/100221081150

[lame54]

4. Stock market ups and downs depend on...

How good or bad liars they are
Reality has little effect

[lame54]

4. Stock market ups and downs depend on...

How goid or bad liars they are
Reality has little effect

[newdeal2]

6. It was a lie

The market is stupid to believe this government.

[WSHazel]

7. Market manipulation

MAGA insiders are trading on their misinformation. The market will only put up with this for so long before we will see a massive capital flight from American markets.

[617Blue]

9. Market manipulation of the day