Bessent says deal on Strait of Hormuz possible 'today or tomorrow'

Global Tensions Ease: Potential Breakthrough in Strait of Hormuz Deal Looms In a significant development, US Treasury Secretary Scott Bessent has hinted at a possible resolution to the long-standing crisis in the Strait of Hormuz, a critical waterway through which a significant portion of the world's oil supply passes. The strategic chokepoint has been a focal point of tensions between the US and Iran, with the latter's actions threatening to disrupt global energy markets. Bessent's comments suggest that negotiations with Iranian officials may yield a breakthrough as early as today or tomorrow, potentially paving the way for the waterway's return to pre-war conditions. The implications of such a deal would be far-reaching, with potential benefits for global energy security and trade.

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...