Qatar Energy Chief Dismisses Claim Hormuz Strait Will Be Obsolete
QatarEnergy CEO Saad Al-Kaabi rejected Scott Bessent's forecast that the Strait of Hormuz will lose significance within two years, arguing the strait remains a vital trade corridor beyond oil and gas. Qatar plans to rely on the strait rather than building new bypass pipelines, while regional rivals push diversions through routes like the Red Sea as part of broader contingency strategies.