Bessent predicts Strait of Hormuz will be 'worthless' in 2 years

Corroborated by 2 sources from 2 publishers

globalgeneral5h ago

TL;DR

Multiple sources report that bessent Says Hormuz Will Be ‘Worthless’ as Oil Bypasses It.

Bloomberg Politics

https://www.bloomberg.com/news/articles/2026-09-01/bessent-says-hormuz-will-soon-be-worthless-as-oil-bypasses-it

The Hill International

https://thehill.com/policy/energy-environment/6064086-bessent-strait-of-hormuz-worthless