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Bessent Says Hormuz Route Will Be Bypassed In the Future

Bloomberg Markets Wednesday 02 September 2026, 00:57 UTC 1 min read
Key Points

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.

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 (LOCATION) Hormuz Route (LOCATION) the Future US Treasury (ORG) Strait (LOCATION) Hormuz (LOCATION) US (LOCATION) Iran (LOCATION) American (ORG) Iranians (ORG) Bloomberg (PERSON) Jon Herskovitz (PERSON)
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