Scott Bessent’s Delusional Oil Pipe Dream to Defeat Iran, by Larry C. Johnson
When U.S. Treasury Secretary Scott Bessent told an interviewer this weekend that the Strait of Hormuz would “become irrelevant” within two years — with more than half the energy now crossing it rerouted through underground pipelines — he was indulging a pipe dream. Bessent fails to grasp that Iran’s ability to use the Strait of...