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Benzinga
Benzinga
Business
Namrata Sen

Scott Bessent Signals Imminent US-Iran Deal to Reopen Strait of Hormuz, Sending Oil Lower: 'We May Have a Deal Today or Tomorrow...'

Usa,And,Iran,Flags,Overlapping,A,Middle,East,Map,With

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.

Bessent told CNBC’s "Squawk Box” on Tuesday that the proposed agreement would ensure “freedom of movement” through the strait, indicating that Iran would not be allowed to impose transit tolls.

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