US Treasury Secretary Scott Bessent asserts the Strait of Hormuz could become largely irrelevant for oil transport within two years. This prediction stems from accelerated construction of alternative pipelines by Gulf states, diminishing reliance on the crucial waterway. The US is simultaneously increasing economic pressure on Iran, preparing further sanctions targeting banks linked to the Iranian government. These actions are likely designed to further limit Iran’s influence and incentivize the development of alternative oil routes. The combined effect of pipeline construction and sanctions aims to bypass the Strait of Hormuz, a chokepoint often subject to geopolitical tensions. This shift could significantly alter global oil supply routes and reduce vulnerability to disruptions in the region. The developments signal a proactive strategy to secure energy flows and counter Iranian regional policies.