Jump to contentAllNewsSportCultureLifestyleU.S. Treasury Secretary Scott Bessent has claimed that the Strait of Hormuz will become a “worthless piece of water” in two years as alternative pipelines bypass it. The waterway was closed by Iran following US-Israeli strikes in February, leading to soaring oil prices and global energy market disruption. The U.S. is expected to announce new economic sanctions on Iran within the next fortnight after Bessent said it had “great support” from international allies. Gulf states are attempting to use overland pipelines to bypass the strait, but Iranian attacks continue to impact global markets. Iran has dismissed threats from President Donald Trump, who warned the Islamic Republic would be hit hard following missile strikes on US military bases. In fullIran-US war latest: Trump official says Hormuz will soon be a ‘worthless piece of water’ and threatens new sanctionsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
US threatens to hit Iran with fresh sanctions in coming fortnight
Jump to contentAllNewsSportCultureLifestyleU.S. Treasury Secretary Scott Bessent has claimed that the Strait of Hormuz will become a “worthless piece of water” in two years as alternative pipelines bypass it. The waterway was closed by Iran following US-Israeli strikes in February, leading to soaring oil prices and global energy market disruption. The U.S. is expected to announce new economic sanctions on Iran within the next fortnight after Bessent said it had “great support” from international allies. Gulf states are attempting to use overland pipelines to bypass the strait, but Iranian attacks continue to impact global markets. Iran has dismissed threats from President Donald Trump, who warned the Islamic Republic would be hit hard following missile strikes on US military bases. In fullIran-US war latest: Trump official says Hormuz will soon be a ‘worthless piece of water’ and threatens new sanctionsMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
