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US Denies Navy Escorted Tanker Through Strait of Hormuz

 The US and Iran escalated attacks in the 11th day of the war as oil markets saw fresh volatility and the Trump administration said it's keeping open additional options to curb spiking energy prices. Attention continued to be focused on an oil market Tuesday, whipsawed amid the White House's acknowledgment that a post from US Energy Secretary Chris Wright had erroneously claimed that an oil tanker had been escorted through the Strait of Hormuz. "The President and his energy team are closely watching the markets speaking with industry leaders and the US military is drawing up additional options following the President's directive to continue keeping the Strait of Hormuz open," White House Press Secretary Karoline Leavitt said in a briefing. Bloomberg's Joe Mathieu joins to discuss on BIoomberg Businessweek Daily. (Source: Bloomberg)