Deleted Tweet Sends Oil Markets on Another Wild Ride

Wall Street Journal: “A plunge in oil prices intensified in the early afternoon after Energy Secretary Chris Wright said on X that ‘The U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets.’ The prospect of a prolonged energy shock momentarily dimmed. Futures for oil, diesel and gasoline slid. Stocks jumped.”

“But the message vanished within minutes, leaving investors the world over struggling to see through the fog of war emanating from the Trump administration itself.”