US Treasury Secretary Bezent talks about the Strait of Hormuz: the strait will never return to its past state because Iran has used it, or is trying to use it as a main throat route. In the next two years, we will see that this strait will cease to be important. It will just become a plain body of water. I think more than 50% to 70% of the energy currently transported through this strait will be transferred to underground pipelines.

US Treasury Secretary Bezent talks about the Strait of Hormuz: the strait will never return to its past state because Iran has used it, or is trying to use it as a main throat route. In the next two years, we will see that this strait will cease to be important. It will just become a plain body of water. I think more than 50% to 70% of the energy currently transported through this strait will be transferred to underground pipelines.