US Treasury Secretary Scott Bessent confirmed ongoing naval operations to protect global energy supplies and India's critical LPG imports through the Strait of Hormuz. Bessent acknowledged a potential 10 million barrel per day shortfall from the regional crisis but expressed confidence in supply stabilization. He criticized China for funding Iran through energy purchases while urging Beijing to support international efforts reopening the strait. The disruption threatens not only oil flows but essential goods including fertilizer and food transport vital for vulnerable populations worldwide. Bessent characterized the US-led operation as humanitarian, emphasizing its importance for over one billion people in India dependent on LPG for cooking. He called on China to use diplomacy to convince Iran to restore maritime freedom of navigation in this critical global trade corridor.
