US Treasury Secretary Scott Bessent says the United States and Iran could reach an agreement in the coming days to reopen the Strait of Hormuz and restore freedom of movement for shipping. Multiple outlets report that Bessent links the prospect of a breakthrough to a timeline that ranges from as early as Tuesday to by midweek, with some coverage specifying “Tuesday or Wednesday” or “within a day or two.” Bloomberg and others add that market expectations respond quickly: oil prices fall after Bessent’s remarks, with reports citing a sharp drop in Brent crude.
Several outlets also describe the status of negotiations as ongoing, based on Bessent’s comments. Mint notes that while Bessent says talks are progressing, Iran publicly denies that direct talks with Washington are taking place. Overall, the reports characterize the situation as negotiations that could produce an agreement within days, aimed at easing tensions and enabling normal commercial passage through the strategic oil chokepoint.
