Politics
Bessent predicts Strait of Hormuz will be ‘worthless’ in 2 years
The Hill·September 1, 2026·1 min read
Treasury Secretary Scott Bessent said Tuesday the Strait of Hormuz will be "worthless" to the oil industry in two years, arguing the key waterway is "not a choke point" for the U.S. He spoke to Fox Business's Larry Kudlow on the sidelines of the G20 finance ministers' summit in North Carolina.
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