Strait of Hormuz will be 'worthless piece of water' as oil pipelines bypass it, Bessent says
· financialpost.com
Scott Bessent dismissed the importance of the Strait of Hormuz, saying the crucial waterway will get bypassed by oil pipelines. Read on.
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The Treasury Department has taken a more central role in recent weeks in the conflict, with Bessent announcing plans last week to expand sancti...