Speaking at G20 finance talks US Treasury Secretary Scott Bessent declared that the Strait of Hormuz will be “bypassed in two years,” becoming, in his words, “a worthless piece of water” as Gulf oil shifts onto land pipelines.
The claim is not new rhetoric he floated a similar 50–70% displacement figure to a US network weeks earlier.
What has changed is the deadline, and the political intent behind stating it aloud.
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