US Treasury Secretary Scott Bessent says Washington is in talks with Iran and believes a deal to reopen the Strait of Hormuz could be reached “today or tomorrow,” aiming for Wednesday. Speaking in an interview with CNBC, Bessent said the arrangement would move the situation toward a more “normalized” position in the conflict. He added that reopening the strait would help stabilize global energy prices, noting that hundreds of ships are waiting to pass. Bessent said that despite continued uncertainty over recent days, ships have already begun to move again. He described an expected cooling in energy prices as beneficial for the wider world. The report also notes Bessent was asked about whether a deal would allow Iran to charge a toll on shipping through the strait; he responded in terms of “freedom” of navigation. Across the outlets, the core message is that US-Iran discussions are underway, with a near-term target to reopen the key waterway used for a significant share of global oil shipments.
US says talks with Iran could reopen Strait of Hormuz by Wednesday
US Treasury Secretary Scott Bessent says Washington is in talks with Iran and believes a deal to reopen the Strait of Hormuz could be reached “today or tomorrow,” aiming for Wednesday. Speaking in an...
- US Treasury Secretary Scott Bessent says the US is in talks with Iran regarding the Strait of Hormuz.
- Bessent says a deal could be reached “today or tomorrow,” targeting Wednesday.
- The proposed reopening would be intended to move toward a more normalized situation in the conflict.
- Bessent links reopening the strait to stabilizing energy prices, citing reduced wait times for ships.
- Bessent responds to questions about whether Iran could charge shipping tolls, framing it around freedom of navigation.
WASHINGTON, United States — Treasury Secretary Scott Bessent said that the United States could reach a deal with Iran to reopen the Strait of Hormuz by Wednesday, adding that this would stabilize energy prices. “We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict,” Bessent said Tuesday in an interview with CNBC. Asked if a deal would allow Iran to charge a toll on shipping using the strait, Bessent said: “I think it would be freedom […]...Keep on reading: US Treasury Secretary says chance of Hormuz deal with Iran by Aug. 5
3 hours agoUS 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 chance we may have a deal today or tomorrow to open the strait and move towards a more normalised position in this conflict," Bessent said in an interview with CNBC. He was optimistic about the impact a deal with Iran over the strait would have on energy prices, where he said hundreds of ships are waiting to pass. "Even though things are still a little dicey there over the past few days, we've [seen] quite a few ships coming out even now," Bessent said. "So, you know, I'd expect the energy prices to settle back down, which, as I said, will be good for the entire world."
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