# Pipelines Will Bypass Strait of Hormuz in Two Years, Claims US Treasury Secretary Scott Bessent

> US Treasury Secretary Scott Bessent stated that alternative pipelines will completely bypass the Strait of Hormuz within two years. This claim coincides with a missile attack on a commercial oil tanker near Oman, sending Brent crude prices surging past ninety-two dollars.

**Type:** article · **Category:** America · **Published:** 2026-09-01 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/america/pipelines-will-bypass-strait-of-hormuz-in-two-years-claims-us-treasury-secretary-scott-bessent-25986 · **Language:** English
**Tags:** Strait of Hormuz, Scott Bessent, Crude Oil, US Iran Conflict, Oil Tanker Attack, Brent Crude, Energy Markets

Speaking in Asheville, US Treasury Secretary Scott Bessent announced that the world will completely bypass the Strait of Hormuz within the next two years through an expanded network of land-based crude oil pipelines. According to Bessent, Iran routinely attempts to leverage this critical maritime chokepoint as a strategic pressure tool against the international community. Once these alternative transport pipelines become fully operational, the geopolitical significance of this strategic waterway will plummet entirely. He emphasized that in the near future, this vital maritime passage will be regarded as nothing more than a useless body of water.

## Is the Hormuz Chokepoint No Longer a Threat to the United States?
Treasury Secretary Scott Bessent clarified that while the Strait of Hormuz remains exceptionally crucial for numerous foreign nations, it can never constitute a genuine chokepoint for the United States. Bessent noted that officials are clearly observing Iran's attempts to utilize the passage as a leverage point, which ultimately poses no barrier to the US economy while remaining a major vulnerability for other countries. He expressed absolute confidence that within a two-year window, this maritime corridor will be thoroughly sidelined, allowing oil originating from Gulf nations to travel via secure overland routes and permanently eradicating global reliance on this narrow Persian Gulf passage.

## Maritime Security Crisis Erupts Following Oil Tanker Attack
The strong statement from the American cabinet official arrived precisely as a commercial oil tanker came under a targeted strike near the Strait of Hormuz. According to the United Kingdom Maritime Trade Operations, known as UKMTO, a total of three unidentified missiles targeted the commercial vessel in open waters situated approximately thirty-one kilometers away from the city of Khasab in Oman. The hostile incident occurred just as the oil tanker was successfully navigating its way out of the Hormuz waterway. Fortunately, no crew members lost their lives in the attack, and no hazardous oil spills were reported in the surrounding waters. Nevertheless, the violent episode has triggered widespread panic and severe concerns regarding commercial vessel safety across the entire maritime region.

## Geopolitical Conflict Triggers Massive Volatility in Global Crude Markets
The abrupt escalation of military tensions between the United States and Iran immediately triggered steep price surges across international crude oil markets. On Tuesday, benchmark Brent crude oil prices climbed by one point seven percent to reach ninety-two dollars and five cents per barrel. Simultaneously, US West Texas Intermediate crude, commonly referred to as WTI, registered a robust two point three percent increase, settling at eighty-seven dollars and seventy-seven cents per barrel. Market analysts suggest that ongoing Middle Eastern hostilities and mounting threats to vital shipping lanes will likely sustain energy market volatility in the near term.

## What this means for you
Spike in crude oil prices driven by geopolitical tensions could soon translate into higher fuel costs and broader inflation for consumers worldwide.

- **Across India:** Rising global crude prices will increase the import bill for petroleum, potentially driving up domestic transport expenses and consumer goods prices.
- **Global Markets:** Ongoing energy market volatility will expose investors to heightened price swings across equities and commodity derivatives.
- **Supply Chain Shifts:** Developing alternative overland pipelines will eventually reduce strategic vulnerability to maritime blockades in the Persian Gulf.
- **Shipping and Logistics:** Security incidents in the Hormuz passage are expected to push marine insurance rates and freight shipping costs significantly higher.
- **Inflationary Pressure:** Higher fuel expenses will escalate manufacturing and logistics overhead, squeezing household budgets and increasing everyday living costs.

## Questions & Answers

### 1. Who announced the plan to bypass the Strait of Hormuz?
US Treasury Secretary Scott Bessent stated that alternative pipelines will completely bypass the Strait of Hormuz within two years.

### 2. What vessel was attacked near the Strait of Hormuz?
A commercial oil tanker was targeted by three unidentified missiles in open waters near the Omani city of Khasab.

### 3. Were there any casualties reported from the tanker attack?
No crew members lost their lives in the attack, and no hazardous oil spills were reported in the surrounding waters.

### 4. How much did Brent crude oil prices increase?
Brent crude oil prices climbed by one point seven percent to reach ninety-two dollars and five cents per barrel on Tuesday.

### 5. What was the price level for WTI crude?
US WTI crude registered a two point three percent increase, settling at eighty-seven dollars and seventy-seven cents per barrel.

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