Treasury Secretary Bessent predicts 50-70% of Strait of Hormuz energy traffic will shift to pipelines within two years as Gulf states fast-track

Treasury Secretary Bessent predicts 50-70% of Strait of Hormuz energy traffic will shift to pipelines within two years as Gulf states fast-track

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…

The Treasury department has taken a more central role in recent weeks in the conflict, with Bessent announcing plans last week to expand sanctions on financial institutions and…