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US Strikes Near Hormuz, Bessent Says Hormuz Will Be "Worthless"
Source: Bloomberg
Geopolitics & WarEnergy Markets & Prices
Reports indicate the US is striking near the Strait of Hormuz, and Treasury Secretary nominee Scott Bessent said Hormuz would be “worthless.” The move raises near-term risk to Middle East shipping and crude supply dynamics, which can spill into oil prices and energy equities despite the dismissive comment. Net impact is likely risk-off for energy-linked assets and broader markets.
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