US hopeful Hormuz Strait deal will be done 'today or tomorrow' after ship hit
US Treasury Secretary Scott Bessent told broadcaster CNBC "there is a chance we may have a deal" in the coming hours, a day after President Donald Trump said the strait might reopen on Tuesday (Aug 4).
The US hopes to finalize a deal with Iran to reopen the Strait of Hormuz, potentially within the next 24 hours, according to Treasury Secretary Scott Bessent's comments on CNBC. President Donald Trump had previously suggested the strait could reopen by Tuesday, Aug 4. The Strait of Hormuz, a crucial route for global oil and gas shipments, has been a source of conflict since the US and Iran went to war in February.
Iran seeks to control the strait and charge tolls, which the US opposes. Despite a ceasefire and earlier negotiations, tensions persist. Recently, a merchant ship in the Strait of Hormuz was hit by an unknown projectile, while an Indian vessel in the Red Sea was sunk following an unattributed attack. Shipping routes are now exploring alternative paths, such as the Red Sea, bypassing Hormuz.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Cargo ship reports being struck in Strait of Hormuz as US, Iran claims about talks diverge apnews.com
- Talks with Oman over Hormuz proceeding ‘positively’, Iran’s foreign ministry says middleeasteye.net
- Cargo ship reports being struck in Strait of Hormuz thehill.com
- Cargo ship reports being struck in Strait of Hormuz as US, Iran claims about talks diverge hellenicshippingnews.com
- Bessent signals a possible U.S-Iran deal that would open the Strait of Hormuz cbsnews.com
- Qatar says indirect talks continue to reopen Strait of Hormuz aljazeera.com
