- Scott Bessent, the treasury secretary, said a deal with Iran could be reached "today or tomorrow" to open the Strait of Hormuz to "freedom of movement."
- Bessent told CNBC: "We are in talks with the Iranians," echoing President Donald Trump’s Monday statement that talks were "going on right now."
- Tehran quickly denied the assertions, which had sent world oil prices down and the U.S. stock market up.
Treasury Secretary Scott Bessent stated that a deal with Iran to open the Strait of Hormuz could be reached "today or tomorrow". This announcement comes amid ongoing discussions, which Bessent confirmed, stating, "We are in talks with the Iranians".12
Despite these claims, Tehran has denied that negotiations are taking place, leading to a mixed response in the markets. The uncertainty surrounding the Strait of Hormuz, a critical chokepoint for global oil shipments, has caused world oil prices to drop and the U.S. stock market to rise.3
The Strait of Hormuz is vital for the transportation of oil, with approximately 20% of the world's oil supply passing through it. Any disruption in this area can have significant implications for global energy markets.
Bessent's remarks echo those of President Donald Trump, who indicated that talks were "going on right now". The situation remains fluid, with market analysts closely monitoring developments as they unfold.
The geopolitical landscape continues to be shaped by these negotiations, with potential ramifications for both U.S. and Iranian relations moving forward.
“Bessent told CNBC "We are in talks with the Iranians," echoing President Donald Trump's Monday statement that talks were "going on right now." World oil prices have fallen and U.S. stocks have risen on the assertions.”
