Wall Street Journal report, U.S. Energy Secretary Rite posted a strong message and then deleted it.
The original post said: "The U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz. Ensuring the smooth flow of global energy supply."
This positive news temporarily eased market concerns about energy supply, and futures prices for oil and gasoline subsequently fell.
But the post was deleted 10 minutes later, and officials clarified that the navy is currently not providing escort for commercial ships.
Official statement: "After determining that an employee of the Department of Energy had incorrectly captioned a video, the video on Rite's official X account has been deleted."
The Navy did not escort any oil tankers or vessels, so Rite's statement that "energy will flow" lost its only concrete evidence.
However, within the 10 minutes that Rite posted, an ETF linked to crude oil futures lost $84 million in value.
The affected institutions said this mistake was "unforgivable."
Did the oil tanker really pass through the Strait of Hormuz, or was the video description inaccurate?
A typical crisis management tactic, but someone ended up paying the price, a huge one at that.
In fact, the problem isn't too big; after all, it's institutional behavior, and there won't be retail investors with automatic rifles storming Wall Street.
Original: toutiao.com/article/1859327044971532/
Statement: This article represents the views of the author himself.