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Defense Secretary Pete Hegseth on Friday brushed aside concerns that the effective closure of the Strait of Hormuz because of the Iran war, which has spiked oil prices, would continue being a problem for the U.S. and the world for much longer.
Iran has been “exercising sheer desperation in the Straits of Hormuz,” Hegseth said at a Pentagon press briefing.
“We have been dealing with it, and don’t need to worry about it,” he said.
The trading price of West Texas Intermediate crude oil
