Qatar energy chief says Bessent ‘wrong’ about Hormuz becoming worthless
The US Treasury Secretary has said the strait ‘will be like a worthless piece of water’ in two years
Qatari Energy Minister Saad Al-Kaabi dismissed US Treasury Secretary Scott Bessent's claim that the Strait of Hormuz will become obsolete in two years. Al-Kaabi suggested that Bessent's view is "completely wrong." He emphasized Hormuz's importance as a transit venue for various types of trade, not just oil and gas. He also stated that the waterway will never be irrelevant, noting that 90% of all shipping occurs through the sea.
Al-Kaabi further revealed that Qatar has no plans to construct new pipelines to circumvent Hormuz, as their decision was based on commercial and technical factors.
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