Strait of Hormuz could become an ‘insignificant’ route within two years
Translated from Malay and summarized by DistantNews. Read the original for the full story.
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- U.S. Treasury Secretary Scott Bessent said the Strait of Hormuz could become far less important within two years.
- He attributed the possible change to oil shipments moving through alternative land-based pipelines, reducing reliance on the strategic waterway.
The Strait of Hormuz could become an “insignificant” route within two years, according to U.S. Treasury Secretary Scott Bessent.
Bessent said oil shipments may increasingly move through alternative routes using overland pipelines. Such a shift, he said, would reduce the world’s dependence on the strategic waterway.
His comments also referred to allegations that Iran is trying to use the strait as a point of blockade.
The Strait of Hormuz may no longer be an important route within two years.
About this summary
Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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