U.S., Iran May Reach Deal to Reopen Strait of Hormuz
U.S. Treasury Secretary Scott Bessent has repeatedly stated that a deal with Iran to reopen the Strait of Hormuz could be reached as soon as today or tomorrow. The potential agreement would allow for freedom of movement and commercial shipping without tolls. This development has sent oil prices tumbling and markets rallying on optimism for increased shipments through the vital waterway.48 sourcesSee all sources