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Strait of Hormuz to become 'worthless' in two years, says US Treasury Secretary

U.S. Treasury Secretary Scott Bessent has stated that the Strait of Hormuz will be rendered "worthless" to the oil industry within the next two years. This declaration suggests a significant shift in global energy dynamics and geopolitical considerations surrounding this critical waterway. AI

RANK_REASON The item is a news report quoting a government official on a geopolitical and economic matter, not a primary release or research.

Read on Mastodon — sigmoid.social →

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Strait of Hormuz to become 'worthless' in two years, says US Treasury Secretary

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COVERAGE [1]

  1. Mastodon — sigmoid.social TIER_1 English(EN) · [email protected] ·

    Bessent: Strait Of Hormuz Will Be “Worthless” In Two Years U.S. Treasury Secretary Scott Bessent declared that the Strait of Hormuz will become “worthless” to t

    Bessent: Strait Of Hormuz Will Be “Worthless” In Two Years U.S. Treasury Secretary Scott Bessent declared that the Strait of Hormuz will become “worthless” to the oil industry… # EuropeSays # Headlines # News # Europe # Europa # EU # PersianGulf # ai -assisted # G20Summit # inter…