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flag A false social media post by Energy Secretary Chris Wright falsely claimed U.S. Navy oil tanker escorts in the Strait of Hormuz, causing a 19% oil price drop and $84 million in losses.

flag Energy Secretary Chris Wright sparked a market crisis after a deleted social media post falsely claimed the U.S. Navy was escorting oil tankers through the Strait of Hormuz, triggering a 19% drop in crude prices and $84 million in losses. flag The Department of Energy said the post was incorrectly captioned by a staffer, and officials confirmed no escort mission had occurred. flag The false claim, which fueled panic amid rising Middle East tensions, led to sharp market volatility and drew criticism over unverified government communications. flag The White House emphasized the president retains the option to act if needed, while experts warned of potential oil price spikes if disruptions continue.

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