Wednesday, March 11, 2026

Market manipulation is obvious

The spectacularly corrupt Trump administration is at it again:

 US official: ‘Not true’ Navy successfully escorted oil tanker through Strait of Hormuz

Energy Secretary Chris Wright claimed in a now-deleted social media post that the Navy escorted an oil tanker through the Strait of Hormuz. 

Further down:

In the now-deleted post, which appeared briefly on his official account, Wright said the Navy “successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets.” The post was accompanied by a video of Wright’s remarks in Colorado on Monday, in which he referenced a tanker passing through the Strait but did not mention naval escorts.

Oil prices, which had been falling after President Donald Trump said Monday the U.S.-Israel war with Iran is “very complete,” dropped further on Wright’s announcement. Prices had risen to nearly $120 late Sunday after Iran started striking oil tankers traversing the Hormuz and Iraq and Kuwait started shutting in oil production.  

And:

Iran’s foreign minister, Abbas Araghchi, seized on Wright’s post to accuse the U.S. of market manipulation.

“U.S. officials are posting fake news to manipulate markets,” Araghchi wrote on X. “It won’t protect them from inflationary tsunami they’ve imposed on Americans.” 

Lots and lots of people would agree with the Iranian on that issue.... 

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