Scott Bessent questioned the strategic value of the Strait of Hormuz as regional players pursue alternative sea routes.

The entities involved

• Scott Bessent →

  United States Secretary of the Treasury

  • Donald Trump and Scott Bessent commented on the budget, monitoring fiscal health and policy levers during the presidential tenure.Mon 16:08
  • Scott Bessent hosted G20 finance ministers in Asheville, where he announced sanctions on Iran and pressured the G20 to cut off Iran's lifelines.Mon 15:30
• Saudi Arabia →

  country in West Asia

  • Escalating conflict involves Iran and Saudi Arabia, with fighting intensifying between Saudi-backed forces and Houthis. Karami warns of a firm response to miscalculation.Mon 17:52
  • Ishaq Dar attended an R-4 meeting in Cairo today, contributing to ongoing diplomatic efforts.Mon 17:12
• United Arab Emirates →

  country in Western Asia

  • UAE's first national rail service connects cities, establishing a new rail network between Fujairah and Abu Dhabi.Mon 17:54
  • The UAE is hosting the UN Congress on Crime Prevention and Criminal Justice, with press conferences held in Dubai.Mon 15:51

Related events

• QatarEnergy participated in the Qatar Economic Forum in New York City, where a disagreement over the value of the Strait of Hormuz arose.Sep 21
• Qatar mediated negotiations between the US and Iran regarding the Strait of Hormuz, amid threats of blockades and soaring energy prices.Sep 7
• Negotiations are underway to reopen the Strait of Hormuz, affecting oil prices and driving airline stock gains.Sat 03:40
• Oil market analysis shows Saudi exports are driving recovery in Hormuz, aided by increased LNG tanker traffic from Qatar.Sun 17:18
• Saudi Arabia ships barrels through Hormuz, while peace talks progress between Iran and the US, and UAE exports high volumes.Jul 7