[U.S. Treasury Secretary Besent: The Strait of Hormuz Will Lose Its Significance] According to Jin10 reports, U.S. Treasury Secretary Besent stated when discussing the Strait of Hormuz: 'This strait will never return to its former state because Iran has exploited it, or attempted to exploit it, as a "choke point." Over the next two years, we will see this strait gradually lose its significance. It will become just another ordinary waterway. I believe that more than 50%, or even 70%, of the energy currently transported through this strait will be rerouted via underground pipelines.'