Becent claims that the Strait of Hormuz will gradually lose its strategic importance

In an interview with local television stations in Arizona, the United States Secretary of the Treasury, Scott Becent, said that, as the geopolitical situation changed, more and more energy shipments would continue to bypass the Strait of Hormuz. He believed that the Strait of Hormuz would gradually lose its strategic importance. Local media reported that in an interview, Becent stated that the Strait would not be able to return to its past state in view of Iran ' s attempts to control this vital throat tunnel in the Strait of Hormuz. He claims that, over the next two years, the Strait will become an ordinary body of water and gradually become less important. According to Becent, more than 50 per cent or even 70 per cent of the energy transported through the Strait of Hormuz will gradually be transferred to underground pipelines in the future. Besente has repeatedly expressed a similar view, namely, that the status of the Strait of Hormuz as a global energy throat has been weakened. According to Becent, the expansion and upgrading of existing pipelines in Saudi Arabia, the United Arab Emirates and other countries, as well as the upgrading of underground and land-based pipelines around the Strait, would largely replace the transport that used to cross the Strait through tankers. Xinhua