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Bessent predicts Strait of Hormuz will be ‘worthless’ in 2 years

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CitrixNews Staff
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Bessent predicts Strait of Hormuz will be ‘worthless’ in 2 years

Treasury Secretary Scott Bessent said Tuesday that the Strait of Hormuz will be “worthless” to the oil industry in two years. Speaking to Fox Business’s Larry Kudlow on the sidelines of the Group of 20 finance ministers’ summit in North Carolina, Bessent argued the key waterway is “not a choke point” for the U.S. In…

Originally reported by The Hill. Read the full story at the original source.