{
  "id": 149208,
  "title": "Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with ‘freedom of movement’",
  "url": "https://urgent.news/2026/08/04/bessent-says-there-may-be-deal-tuesday-or-wednesday-to-open-strait-of-149208",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T21:00:57.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/bessent-says-there-may-be-deal-tuesday-or-wednesday-to-open-strait-of-hormuz-with-freedom-of-movement/"
  },
  "original_language": "en",
  "account": "Treasury Secretary Scott Bessent stated on CNBC’s “Squawk Box” that the U.S. and Iran might reach a deal by Tuesday or Wednesday to reopen the Strait of Hormuz and allow commercial ships freedom of movement. Bessent expressed optimism about a potential agreement during the interview. When asked if Iran would be permitted to charge a toll, Bessent affirmed that freedom of movement would be granted. The U.S. crude oil futures experienced a decline of approximately 3%, dipping below the $78 per barrel mark following his announcement. Bessent predicted that prices would continue to fall once hundreds of ships currently trapped in the Persian Gulf are able to exit. The Treasury secretary emphasized that the relief would extend beyond energy, mentioning the release of fertilizer, refined products, and industrial gases. President Donald Trump had previously called off a major attack on Iran to facilitate negotiations for the reopening of Hormuz. Although the U.S. and Iran signed a memorandum of understanding on June 17 to reopen the strait, the deal fell through due to disagreements over the route ships could take to transit the strait. Iran demanded that vessels navigate through its territorial waters when utilizing the strait. In retaliation, the U.S. launched multiple airstrikes and reinstated its naval blockade on Iran.",
  "summary": "The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview. “We are in talks with the Iranians,” Bessent told CNBC’s “Squawk Box.” “There is a chance we may have a deal today ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Oil drops for third-day on signs of progress toward Hormuz deal",
        "url": "https://urgent.news/2026/08/05/oil-drops-for-third-day-on-signs-of-progress-toward-hormuz-deal",
        "published": "2026-08-05T03:52:36.000Z"
      },
      {
        "outlet": "Moneyweb",
        "title": "Oil drops for third day on signs of progress toward Hormuz deal",
        "url": "https://urgent.news/2026/08/05/oil-drops-for-third-day-on-signs-of-progress-toward-hormuz-deal-161594",
        "published": "2026-08-05T06:00:20.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}