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21.09.26 - 14:16
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Qatar′s Energy Minister Says Bessent′s "Worthless" Hormuz Claim Is "Completely Wrong" (ZeroHedge)
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Qatar's Energy Minister Says Bessent's "Worthless" Hormuz Claim Is "Completely Wrong"
Qatari Energy Minister Saad Al-Kaabi blasted Treasury Secretary Scott Bessent on Sunday, saying he was "wrong" to claim the Strait of Hormuz would become "worthless" to the oil industry in two years.
"I think this is completely wrong," Saad Al-Kaabi said Sunday at the Qatar Economic Forum in New York.
Speaking to Fox Business's Larry Kudlow on the sidelines of the Group of 20 finance ministers' summit in North Carolina earlier this month, Bessent said the Hormuz maritime chokepoint, in about "two years will be… a worthless piece of water," adding that oil "will be going on pipelines across land."
????? ??: ?? Treasury Secretary Scott Bessent says
“In 2 years, the Strait of Hormuz will be like a worthless piece of water.” pic.twitter.com/B94NIWtews
— DustyBC Crypto (@DustyBC) September 1, 2026
Al-Kaabi,...
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20.09.26 - 19:06
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Hormuz ′Cannot Be Obsolete,′ Qatar Energy Minister Says (Bloomberg)
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Qatar Energy Minister Saad al-Kaabi discusses the future of the Strait of Hormuz and says that to call the strait obsolete is “wrong.” US Treasury Secretary Scott Bessent commented on Sept. 1 that the Strait of Hormuz will be like a worthless piece of water in two years. He spoke with Annmarie Hordern at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)...
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20.09.26 - 16:48
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Qatar Economic Forum UNGA Edition Opening (Bloomberg)
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Michael R. Bloomberg, Founder of Bloomberg L.P. & Bloomberg Philanthropies welcomes leaders to discuss capital, risk and resilience at the Qatar Economic Forum UNGA Special Edition in New York in 2026. (Source: Bloomberg)...
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19.09.26 - 23:00
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Iran Submits Conditions For Ending War With US Via Qatar, Awaits Trump Response (ZeroHedge)
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Iran Submits Conditions For Ending War With US Via Qatar, Awaits Trump Response
Iran has announced Saturday that its Supreme National Security Council has submitted Tehran's conditions for ending the war with the United States via Qatar, and that it awaits the Trump White House's response.
"We are in contact with the Qatari intermediary who conveyed our conditions to Washington to end the war, and we are awaiting a response from President Trump," the supreme council's secretary Mohsen Rezaei said.
Via Asharq Al Awsat
But he warned that if Washington doesn't comply, the Islamic Republic is ready for a "decisive war". The conditions, according to his summary, features--
"the end of the war on all fronts, the release of frozen assets and the end of the naval blockade."
"Iran has become convinced of the need to change its strategy towards Washington following the US withdrawal from the memorandum of understanding," Rezaei explained in words given to Al...
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27.08.26 - 20:30
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Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz (ZeroHedge)
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Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz
Authored by Tsvetana Paraskova via OilPrice.com,
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using ship-to-ship transfers in the Gulf of Oman, anonymous traders told Bloomberg on Thursday.
Before the Middle East conflict, Qatar and Kuwait collectively exported about 2 million barrels per day (bpd) of crude oil via the Strait of Hormuz.
They don't have alternative routes as Saudi Arabia and the UAE do, and struggled to ship oil out of the Persian Gulf in the first couple of months of the conflict.
But around June, Kuwait and Qatar began shuttling crude out of Hormuz and offered it for transfers outside the chokepoint in the Gulf of Oman.
The increasing Kuwaiti and Qatari oil volumes add to the barrels that Saudi Arabia and the UAE have been sneaking through the Strait of Hor...
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