U.S. Treasury Secretary Bessent said the Strait of Hormuz will never return to its former importance, as Iran has used the waterway as a choke point. He expects it to become an ordinary body of water within two years, with more than 50%, or even 70%, of the energy currently shipped through the strait shifting to underground pipelines. (Jinshi)
Odaily Planet Daily reports: U.S. Treasury Secretary Bessent said of the Strait of Hormuz that the waterway will never return to its former state, because Iran has used it, or tried to use it, as a "choke point."
Over the next two years, Bessent expects the strait to gradually lose its importance and become just another body of water. He believes more than 50%, or even 70%, of the energy currently shipped through the strait will instead move through underground pipelines. (Jinshi)
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