Energy Secretary Wright removes post saying U.S. Navy escorted tanker through Strait of Hormuz

"About the post on X, about the US Navy escorting a ship through the Strait of Hormuz. And oil prices of course move lower. But the post is no longer on the Secretary's page... WTI now back above that $80 level." The Strait of Hormuz is a critical chokepoint for global oil logistics. The initial news of US Navy escorts signaled a de-risking of the passage, instantly stripping the geopolitical risk premium out of the commodity and causing a sharp sell-off. The deletion of the post reintroduced the threat of supply disruption, causing an immediate $3+ price spike. This price action proves that crude is currently trading on headline risk rather than fundamental supply and demand. WATCH. The extreme intraday whipsaw driven by a single deleted social media post makes blind directional bets dangerous. Traders should wait for official policy clarification from the Department of Defense or Department of Energy before committing capital. Taking a definitive long or short position exposes traders to massive gap risks if the government suddenly confirms the escorts (bearish for oil) or if a tanker is actually attacked in the strait (bullish for oil).