Bessent Says Strait of Hormuz Will Be Bypassed Within Two Years as Oil Pipelines Offer Alternative

US Treasury Secretary Bessent says Strait of Hormuz could become ‘worthless’ in two years

Bessent's comments came amid renewed tensions between the United States and Iran, with the two sides exchanging strikes on Monday.

In two years, the Strait of Hormuz will become just a useless body of water, the US Treasury Secretary announced an imminent change in the role of the Strait of Hormuz

In two years, the Strait of Hormuz will simply become a useless body of water, the US Treasury Secretary announced an imminent change in the role of the Strait of Hormuz. "The Iranians are trying to use the Strait of Hormuz...

Bessent Says Hormuz Will Soon Be ‘Worthless’ as Oil Bypasses It

Treasury Secretary Scott Bessent dismissed the importance of the Strait of Hormuz on Tuesday, saying the crucial waterway for Persian Gulf energy that’s been controlled by Iran during the recent conflict will get bypassed by oil pipelines.

US Treasury chief claims Strait of Hormuz will be ‘worthless piece of water’ in 2 years

Scott Bessent says oil will move through pipelines across land as countries seek to bypass strategic waterway

Bessent says Strait of Hormuz will be bypassed within two years as oil pipelines offer alternative

US Treasury Secretary Scott Bessent said new oil pipeline routes would reduce reliance on the Strait of Hormuz, predicting the crucial energy chokepoint would become “a worthless piece of water” within two years.

Bessent Says Strait of Hormuz Will Be Bypassed

“Treasury Secretary Scott Bessent dismissed the importance of the Strait of Hormuz on Tuesday, saying the crucial waterway for Persian Gulf energy that’s been controlled by Iran during the recent conflict will get bypassed by oil pipelines,” Bloomberg reports. Said Bessent: “That will be bypassed in two years. In two years, the Strait of Hormuz […]