Bessent warns Strait of Hormuz will be “worthless” within 2 years

hellenicshippingnews... · Hellenic Shipping News Worldwide · 2026-09-02

Treasury Secretary Scott Bessent just put an expiration date on the world’s most critical maritime oil chokepoint, declaring the Strait of Hormuz will become a “worthless piece of water” within two years. Speaking at the G20, Bessent outlined an aggressive campaign to economically strangle Iran, heavily anchored by a surge in U.S. energy production that ...

Source: Hellenic Shipping News Worldwide — read the full report

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