Bennett: Hormuz Strait to Implement "Detour Passage" Within Two Years, U.S. to Further Ramp Up Iran Sanctions

BlockBeats News, September 1st, during a fireside chat at the G20 meeting, U.S. Treasury Secretary Besent pointed out that the U.S. Energy Department's "3-3-3" plan is aimed at crude oil equivalent. Since Trump took office, the U.S. average daily oil production has increased from 1.6 million to 2.2 million barrels.

He said that to reduce risk, the Strait of Hormuz will achieve "detour passage" within two years. At that time, the strait will become a "worthless waterway," and oil will be transported through land pipelines instead of the Strait of Hormuz.

Regarding the Iran issue, he mentioned that 85%-90% of Iranian factories have the ability to rebuild, and Iran may possess the world's third-largest energy resources. In addition, the U.S. may announce banking sanctions this week and next week and has obtained strong support from the EU, the European Central Bank, the UK, the UAE, and Bahrain. There will be zero tolerance towards Iran, economically strangling its development; the U.S. will also focus on aircraft leasing companies related to Iran.

Besent said: "We know about the accounts related to Iran in the British Virgin Islands. The funds stolen from the Iranian people can be returned to them or used to help victims of terrorism with Iranian funds."