Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with ‘freedom of movement’

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US Treasury Secretary Scott Bessent indicated that a deal could soon be reached with Iran to reopen the Strait of Hormuz for commercial shipping with guaranteed freedom of movement. Talks are ongoing, and an agreement may be reached within days to ease tensions in this strategic shipping corridor.

The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview. “We are in talks with the Iranians,” Bessent told CNBC’s “Squawk Box.” “There is a chance we may have a deal today ...