Energy Sec Chris Wright's accidental post causes chaos in the market

Energy Secretary Chris Wright's accidental post about Navy tanker escorts triggered a dramatic oil market collapse Tuesday, erasing $84 million in market value within minutes. The tweet claimed the U.S. Navy was escorting tankers through the Strait of Hormuz, causing crude futures to plunge 19% before the post was deleted.

The Department of Energy later acknowledged the video was incorrectly captioned. Benchmark crude fell 12% to $83.45 a barrel, the steepest one-day decline in four years...