Hormuz could open 'today or tomorrow' in new US-Iran deal as oil prices tumble

Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the key Strait of Hormuz as soon as this week.

Treasury Secretary Scott Bessent on Tuesday said a deal regarding the Strait of Hormuz could be made either “today” or “tomorrow” as the world waits for the strategic waterway to return to pre-war conditions. “We are in talks with the Iranians. There is a chance we may have a deal today or tomorrow to open…

US Treasury secretary Bessent says a deal between the US and Iran could come 'today or tomorrow', yet traffic in the Strait of Hormuz remains low.

Iran wants to maintain control over and charge tolls for the strait, powers it did not exercise before the war and which the US fiercely opposes.

Bessent Says U.S. and Iran Could Reach Deal To Open Strait of Hormuz ‘Today Or Tomorrow’  Forbes

WASHINGTON — The US could lock down a deal with Iran as soon as Tuesday to reopen the Strait of Hormuz and let commercial ships sail freely again, Treasury Secretary Scott Bessent claimed.“We are in talks with the Iranians,” Bessent said on CNBC’s “Squawk Box.” Tuesday morning. “There is a chance we may have a...

Bessent's comments echoed those of US President Donald Trump on Monday, who insisted the waterway could reopen within hours after he pulled back from threats of a massive military strike on Iran.

US treasury secretary says Hormuz deal with Iran could happen 'today or tomorrow' Treasury Secretary Scott Bessent said that the US could reach a deal with Iran to reopen the Strait of Hormuz by Wednesday, adding that this would stabilise energy prices. "We are in talks with the Iranians, and I think there is a c

Asked about a toll on shipping, he said: “I think it would be freedom of movement”.