Treasury Secretary Scott Bessent told CNBC that the U.S. and Iran could reach a deal to open the Strait of Hormuz on Tuesday or Wednesday. Bessent said a deal would allow commercial ships to move freely through the strait.

Bessent on the Strait of Hormuz: The strait is never going back to the way it was because the Iranians have used, or tried to use it, as a choke point. What we are going to see over the next two years, the strait is going to become irrelevant. It is going to become just… pic.twitter.com/LP8evMbeJP

U.S. Treasury Secretary Scott Bessent expressed optimism about the possibility of reaching a deal that will see the reopening of the Hormuz Strait in the next hours.

Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.

U.S. Treasury Secretary Scott Bessent signalled the U.S. and Iran could reach an agreement as early as Tuesday or Wednesday to reopen the Strait of Hormuz, restoring free passage for commercial shipping.

Treasury Secretary Scott Bessent says a US-Iran deal on the Strait of Hormuz could come by Tuesday. Oil prices fell, with implications for crypto

Asked today on CNBC whether a deal to reopen the Strait of Hormuz would allow Iran to charge ships a toll for transit, U.S. Treasury Secretary Scott Bessent said: "I think it would be freedom of movement.

Scott Bessent, America’s treasury secretary, said that Iran could agree to reopen the Strait of Hormuz “today or tomorrow”. The price of Brent crude, the oil benchmark, fell by 6% following his comments to CNBC.

US Treasury Secretary Scott Bessent says a ceasefire deal with Iran to reopen the Strait of Hormuz could come within days, as oil prices drop