Explainer: Testing Washington’s two-year bypass claim

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During G20 finance talks, US Treasury Secretary Scott Bessent claimed the Strait of Hormuz will be bypassed within two years as Gulf oil exports shift to land pipelines. This shift could render the strait strategically less important for oil shipping, impacting global energy and shipping politics.

Speaking at G20 finance talks US Treasury Secretary Scott Bessent declared that the Strait of Hormuz will be “bypassed in two years,” becoming, in his words, “a worthless piece of water” as Gulf oil shifts onto land pipelines. The claim is not new rhetoric  he floated a similar 50–70% displacement figure to a US network […] The post Explainer: Testing Washington’s two-year bypass claim appeared first on Container News.