Qatari Energy Minister Saad Al-Kaabi has publicly disputed U.S. Treasury Secretary Scott Bessent’s claim that the Strait of Hormuz will become insignificant within two years. Speaking at the Qatar Economic Forum, Al-Kaabi emphasized the strait’s ongoing importance for global trade beyond oil and gas. This statement comes amid heightened tensions in the region, with Iran and the United States in conflict over control of the vital waterway. The Strait of Hormuz remains a critical chokepoint for international shipping, reinforcing its irreplaceable strategic value.
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