US Treasury Secretary Scott Bessent said that while fears regarding the Strait of Hormuz are understandable in the current situation, in the years coming 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
