The Atlantic reports US Treasury Secretary Bessent told President Trump that tougher sanctions might force Iran to submit and that, as roughly 70% of energy flows shift to pipelines, the Strait of Hormuz would become irrelevant within two years.

2026-08-12

The Atlantic reports US Treasury Secretary Bessent told President Trump that tougher sanctions might force Iran to submit and that, as roughly 70% of energy flows shift to pipelines, the Strait of Hormuz would become irrelevant within two years.