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Bessent Says Strait of Hormuz Obsolete Within Two Years | OilPrice.com
Treasury Secretary Scott Bessent says Gulf oil producers could bypass the Strait of Hormuz within two years, putting a remarkably short timetable on a pipeline buildout that has accelerated since the Iran war disrupted one of the world’s busiest oil routes.
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cryptobriefing.com
US Treasury Secretary Bessent says Strait of Hormuz will become "another body of water" in 2 years
Treasury Secretary Bessent predicts 50-70% of Strait of Hormuz energy traffic will shift to pipelines within two years as Gulf states fast-track
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economictimes.indiatimes.com
Hormuz will be bypassed in two years: Scott Bessent
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…
