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

Why it matters

The prediction that the Strait of Hormuz will be 'worthless' in two years is a notable geopolitical forecast with potential implications for oil markets and global trade routes, but it remains speculative without immediate confirmed impact or structural change.

Sources

• The Hill Business

  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…