Bessent says Strait of Hormuz would be 'worthless piece of water' as oil pipelines bypass it
The Korea Times15m ago6 newsrooms in 4 countries
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WASHINGTON — U.S. Treasury Secretary Scott Bessent said Tuesday that the Strait of Hormuz will be "like a worthless piece of water" in two years as oil will be shipped through land-based pipelines, bypassing the crucial waterway. Bessent made the remarks during a fireside chat with FOX Business Network host Larry Kudlow at the Group of 20 finance ministers'…