Macro Finance
Bessent Says Hormuz Route Will Be Bypassed In the Future
Bloomberg Markets·September 2, 2026·1 min read
US Treasury Secretary Bessent said the Strait of Hormuz route will eventually be bypassed and become 'worthless.' His comments follow sharply escalated US-Iran conflict, with American forces carrying out fresh strikes and Iranians saying they have retaliated, according to Bloomberg's Jon Herskovitz.
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