On March 5, (NationPress) the United States is considering the deployment of naval escorts for oil tankers traversing the Strait of Hormuz, as per statements from the White House. This decision arises in light of escalating tensions with Iran, raising alarms regarding global energy supplies and the security of shipping routes in one of the most vital maritime passages worldwide.

During a White House press briefing on Wednesday, Press Secretary Karoline Leavitt indicated that the administration is vigilantly observing oil market dynamics and maritime movements as Operation Epic Fury continues its campaign against Iran.

Leavitt noted that President Donald Trump has already initiated measures to stabilize energy markets and safeguard shipping within the Gulf region.

"Yesterday, President Trump announced that the US Development Finance Corporation will offer political risk insurance at a competitive rate for crude carriers and cargo vessels operating in and around the Gulf," Leavitt shared with the press.

She emphasized that the United States Navy stands ready to intervene directly should shipping security worsen.

"As previously mentioned, the president stated that if deemed necessary and appropriate, the US Navy will commence escorting tankers through the Strait of Hormuz," she explained.

This action aims to avert disruptions to global oil supplies as tensions with Iran escalate.

Leavitt highlighted the strategic significance of the waterway in global energy markets.

"The Strait of Hormuz… is pivotal, controlling 20% of the world's oil supply," she remarked.

The White House confirmed that the administration is coordinating with its economic and energy teams to mitigate the economic repercussions of the ongoing conflict.

"Regarding oil prices and the domestic economy, this is a matter that Secretary of the Treasury Scott Bessent, Secretary of Energy Chris Wright, and the National Economic Council of Energy led by Doug Burgum have been diligently addressing well in advance," Leavitt stated.

She further mentioned that US officials are confident that the economy can withstand temporary shocks arising from the situation.

"The president and his economic team believe that the economy remains strong and resilient, capable of weathering the temporary impacts of Operation Epic Fury," she stated.

The White House also indicated that recent actions against Iran could ultimately stabilize global energy markets.

Leavitt contended that the conflict would diminish Tehran's capability to influence shipping through the strategic Strait.

"This highlights why this action was essential; ultimately, the energy sector will benefit from the president's actions concerning Iran," she asserted.

She also stated that Iran would no longer be able to threaten shipping through the region.

"Iran will cease to control the Strait of Hormuz and obstruct the free flow of energy," she affirmed.

Oil prices experienced a brief increase following the onset of the conflict, sparking concerns regarding inflation and fuel costs for major importing nations.

However, the White House reported that markets had stabilized after the administration unveiled measures to secure maritime energy routes.

"Crude oil prices dropped yesterday, and they remain stable today following the president's announcement regarding steps to ensure global energy market stability," Leavitt noted.

The Strait of Hormuz, located between Iran and Oman, links the Persian Gulf to global shipping lanes, and is widely recognized as the most crucial oil transit chokepoint globally.