Qatar Energy Chief Says Bessent ‘Wrong’ About Hormuz Future
Qatari Energy Minister Saad Al-Kaabi said Treasury Secretary Scott Bessent is 'wrong' for saying the Strait of Hormuz will be worthless in two years. Al-Kaabi said the waterway cannot become obsolete and that Qatar has decided not to build pipelines to bypass it. Sheikh Faisal Al-Thani, Qatar's minister of commerce and industry, echoed that the waterway will never be irrelevant.
Why it matters: The exchange highlights the theme of energy security, as Qatar's refusal to build pipelines underscores the enduring importance of maritime chokepoints for global oil and gas trade.