US Energy Chief Accused Of Manipulating Oil Markets
US Energy Secretary Chris Wright, a former fracking executive, was accused on Tuesday of manipulating global markets after he posted a striking claim on social media: The American Navy, he wrote, had “successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing.”
The post on X was deleted minutes later, after “oil prices slid at their steepest pace in years,” according to the Wall Street Journal. The White House press secretary later acknowledged publicly that Wright’s claim was false, and the Energy Department threw unnamed staff under the bus.