🚨 Treasury Secretary Bessent on the Strait of Hormuz:
“It is going to become just another body of water.”
Within two years, 50-70% of the energy currently moving through the Strait will shift to underground pipelines.
The world’s most critical chokepoint is on its way to becoming irrelevant.
#Bessent #Hormuz #Oil #Energy #Geopolitics
“It is going to become just another body of water.”
Within two years, 50-70% of the energy currently moving through the Strait will shift to underground pipelines.
The world’s most critical chokepoint is on its way to becoming irrelevant.
#Bessent #Hormuz #Oil #Energy #Geopolitics