U.S. Treasury Secretary Scott Bessent said a deal could be reached as soon as Tuesday or Wednesday to reopen the Strait of Hormuz and ensure “freedom of movement,” according to CNBC. The comments pointed to a possible short-term arrangement involving the United States and Iran, though details of any agreement were not provided.
The Strait of Hormuz is a major route for global energy shipments, and uncertainty over access has contributed to market concerns. Reports said oil prices fell after Bessent’s remarks, while stock markets rose, with the Dow gaining sharply during the session.
Qatar also signaled progress toward a short-term deal between the United States and Iran, according to related coverage. The reports did not establish whether an agreement had been finalized, and the timing and conditions for restoring movement through the waterway remained subject to further negotiations.
Further developments were expected as officials continued diplomatic efforts. Any deal would be closely watched by financial markets and energy traders because of the Strait’s importance to international shipping and oil supplies.
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