Treasury Secretary Says the Strait of Hormuz Will Be Irrelevant in Two Years

Source: Mish Talk

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DW NOTE

The Treasury Secretary says Hormuz won't matter in two years because US shale and renewables will fill the gap. That's the same Department that spent $847 billion servicing debt last year while the strait that moves 21% of global petroleum has been mined shut for 162 days. If the alternative supply exists, why are 2,000 ships still stranded and why is the administration negotiating a ceasefire to reopen a route it claims is already obsolete?

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