U.S. Treasury Secretary Bessent Says There May Be Deal Tuesday or Wednesday to Open Strait of Hormuz with "Freedom of Movement"

Tiger Newspress08-04 19:48

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 or tomorrow to open the strait and move towards a more normalized position in this conflict.”

The Treasury Secretary said the deal would allow freedom of movement in the strait when asked whether Iran would be allowed to charge a toll.

“It would be freedom of movement,” Bessent said. “Even though things are still a little dicey there over the past few days, we saw quite a few ships coming out even now.”

U.S. futures rose, wile crude oil futures fell about 4% to trade below $77 per barrel after the secretary’s remarks. Bessent said he expects prices to fall further when Hormuz opens.

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Comments

  • tiger269
    08-04 21:01
    tiger269
    Stop believing deals . BEST TO 1 TO 1 FIGHT IT OUT.
  • AlexisMica
    08-04 21:00
    AlexisMica
    Its difficult to reach a deal with both sides not talking to each other 🤔
  • CaptainLai
    08-04 20:22
    CaptainLai
    And Iran has FULL CONTROL? 
  • Andrew cub
    08-04 19:52
    Andrew cub
    Sure boh
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