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TSA to World Cup Travelers: Stop Packing Ranch Dressing in Carry-On!

British Prime Minister Keir Starmer Fighting to Stay in Office

Epoch Times Photographer Wins 2 First-Place Awards

Andrew Thomas is a reporter for NTD News primarily covering business, the economy, and technology. 

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Taiwan International Dragon Boat Championships Get Underway

Kevin Hogan is an NTD News data reporter and national correspondent based at the network's global headquarters in New York City. Kevin covers breaking news, as well as U.S. and global current events. He conveys the news through data visualizations and investigates pressing issues.

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Whether Iran Reins in Hezbollah a Litmus Test as to Iran’s Seriousness Toward US Deal: Analyst

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Helicopter With Singer Oliver Tree on Passenger List Collides With Another in Brazil, Killing 6

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Treasury Secretary Scott Bessent <a href="https://www.reuters.com/world/china/oil-market-well-supplied-control-hormuz-shift-over-time-bessent-says-2026-03-30/">said</a> he expects the United States to "retake control" of the Strait of Hormuz with the help of possible escorts.

The waterway, which typically serves as a major shipping route for 20 percent of the global oil supply, has effectively been closed amid the war in Iran.

"Over time, the U.S. is going to retake control of the straits, and there will be freedom of navigation, whether it is through U.S. escorts or a multinational escort," Bessent said in a <a href="https://www.foxnews.com/video/6392148735112">Fox News interview</a> Monday.

Bessent also noted the situation on the strait has already improved, saying traffic is already starting to flow through the strait.

He also said the global oil market faces a deficit of about 10 to 12 million barrels per day, but maintained it remains "well supplied" despite the Iran conflict. The International Energy Agency’s coordinated release of strategic reserves contributes approximately 4 million barrels daily toward filling that gap, according to Bessent.

Traffic through the strait had fallen by 90 percent since the start of the Iran war, sending global oil prices skyrocketing and causing shortages in the Asian nations that get their oil from Persian Gulf countries through the strait.

President Donald Trump previously gave Iran a 48-hour ultimatum to fully reopen the strait and threatened to strike Iran's power plants. But Trump later expanded the timeline, citing ongoing negotiations.

Trump provided an update on Monday about those talks, saying his administration remains in “serious” talks with a new and more reasonable regime in Iran to end military operations.

“Great progress has been made but, if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately ‘Open for Business,’ we will conclude our lovely ‘stay’ in Iran by blowing up and completely obliterating all of their Electric Generating Plants, Oil Wells and Kharg Island (and possibly all desalinization plants!), which we have purposefully not yet ‘touched,’” Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/116317880658472708">wrote on Truth Social</a>.  “This will be in retribution for our many soldiers, and others, that Iran has butchered and killed over the old Regime’s 47 year ‘Reign of Terror.’”

Speaking to reporters Sunday on Air Force One, Trump said Iran allowed 20 more ships to pass through the Strait of Hormuz as a “sign of respect,” a concession in the conflict that has continued for more than a month.

<em>Reuters and The Associated Press contributed to this report.</em>

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Melina Wisecup is NTD's congressional correspondent based in Washington, covering Capitol Hill and campaign politics.

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Iris Tao is NTD's White House correspondent based in Washington. Prior to her work at the White House, Iris reported on U.S. politics and U.S.–China relations from NTD’s New York headquarters. She holds degrees in journalism and economics from Boston University.

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