Scott Bessent Calls the Strait of Hormuz "Irrelevant." Chevron Shows Exactly How It Happens
5 Articles
5 Articles
Scott Bessent Calls the Strait of Hormuz "Irrelevant." Chevron Shows Exactly How It Happens
Washington wants to strip Iran of its most powerful economic weapon, and Chevron is already involved in one of the projects that could make it happen. The question is whether pipelines through conflict zones can actually deliver on that promise.
sgtreport.com
Aletho NewsScott Bessent’s Delusional Oil Pipe Dream to Defeat Iran
by Philip Giraldi, The Unz Review: When U.S. Treasury Secretary Scott Bessent told an interviewer this weekend that the Strait of Hormuz would “become irrelevant” within two years — with more than half the energy now crossing it rerouted through underground pipelines — he was indulging a pipe dream. Bessent fails to grasp that Iran’s ability […]
The traffic through the Strait of Hormus has almost come to a halt. Nevertheless, US Treasury Secretary Scott Bessent declares the important oil route "irrelevant" and refers to pipelines.
The United States appears to have given up on securing free shipping through the Strait of Hormuz by military force. Instead, the current U.S. strategy is to try to reduce the importance of the strait by shifting 50-70 percent of the oil that previously passed through the strait to onshore pipelines, which will take about two years.
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