Breakingviews - COMMENTARY: Making Hormuz worthless is a long game ↧ ↧ Breakingviews - COMMENTARY: Making Hormuz worthless is a long game US ​Treasury Secretary Scott Bessent says the strait can be ‌bypassed with pipelines in two years. Yet the shutdown of Saudi Arabia's main escape route raises questions about a US-backed $15 billion ​Iraq-Syria corridor. Hormuz may remain indispensable for much longer.