Treasury Secretary Scott Bessent admitted on Thursday that the U.S. was carrying out its emergency plan as energy prices soared in response to the war in Iran.
The top Trump economic official appeared on Fox News as attacks on refineries have escalated with far-reaching consequences.
“We had a break the glass plan across the administration and at Treasury. We unsanctioned Russian oil,” Bessent said on Fox News. “We created supply that is beyond the Strait of Hormuz, so we anticipated this.”
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