Treasury Secretary Scott Bessent speaks during an interview with The Associated Press in Asheville, N.C., Sunday, Aug. 30, 2026. (AP Photo/Gerald Herbert)
US Treasury Secretary Scott Bessent said that while fears regarding the Strait of Hormuz are understandable in the current situation, in the coming years it will be considered a worthless waterway as oil will move over land.
Sec. Bessent: “We can see the Iranians are trying to use the Strait of Hormuz as a chokepoint… That will be bypassed in two years… Under President Trumps’ direction there are a group of us in the administration that are securing all these critical nodes in the supply chain.” pic.twitter.com/NCwwMpFQDy
— Breaking911 (@Breaking911) September 1, 2026
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