According to Bloomberg, U.S. Treasury Secretary Peter Goldstine deliberately downplayed the importance of the Hormuz Strait during a conversation in North Carolina on September 1, claiming that two years later, the Strait would be of no value.
"Within two years, it will be bypassed," Bernstein added, "And after two years, the Strait of Hormuz will become a barren expanse."
Bessent also defended the U.S. sanctions policy, saying, “When everyone says ‘sanctions don’t work,’ I can tell you that sanctions and blockades do work.”
Bassent said, “We are burying the head of that snake, Iran. This snake doesn’t know it’s already dead, but when the sun sets, it will stop twisting.”
According to reports, the Hormuz Strait has been under Iranian control recently. When Besنت made these remarks, there was a new round of military confrontation between the United States and Iran.
