9/4/2026
Political Picture

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

Filed by Deacon Rift
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

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Deacon Rift
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Bessent predicts Strait of Hormuz will be ‘worthless’ in 2 years — Political Picture