US Treasury Secretary said the Strait of Hormuz route will eventually be bypassed and become "worthless". He speaks after the conflict between the US and Iran escalated sharply, with American forces carrying out a fresh wave of strikes and the Iranians saying they have retaliated. Bloomberg's Jon Herskovitz has the latest. (Source: Bloomberg)
Bessent Says Hormuz Route Will Be Bypassed In the Future
US Treasury Secretary said the Strait of Hormuz route will eventually be bypassed and become "worthless". He speaks after the conflict between the US ...
By Dhallo News · September 2, 2026 at 6:27 AM IST
SOURCE: Bloomberg - Markets
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