Treasury Secretary: Iran using Hormuz as chokepoint, bypass coming

The Treasury Secretary is reporting that Iran is attempting to use the Strait of Hormuz as a strategic chokepoint against global trade, but says the vulnerability will be bypassed within two years. Speaking on the administration's economic and security strategy, the Secretary said a team within the administration is working under the President's direction to secure critical nodes in the global supply chain, reducing reliance on choke points that hostile actors like Iran could exploit. The comments underscore growing concern in Washington over Iranian efforts to leverage its geographic position in the Persian Gulf as pressure mounts over its nuclear program and regional aggression. No further details on the specific bypass mechanism were disclosed.