— U.S. Treasury Secretary Scott Bessent on Iran:Iranians are trying to use the Strait of Hormuz as a chokepoint.
It’s not a chokepoint for the US, but it is for many other countries.
That will be bypassed in 2 years. In 2 years, the Strait of Hormuz will be a worthless piece of water.
The oil will be going through pipelines across the land.
