{"id":6129,"date":"2026-08-04T14:10:18","date_gmt":"2026-08-04T14:10:18","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=6129"},"modified":"2026-08-04T14:10:18","modified_gmt":"2026-08-04T14:10:18","slug":"us-may-have-deal-with-iran-to-reopen-strait-of-hormuz-today-or-tomorrow-bessent-says","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=6129","title":{"rendered":"US may have deal with Iran to reopen Strait of Hormuz ‘today or tomorrow’, Bessent says"},"content":{"rendered":"
\n

WASHINGTON \u2014 The US could lock down a deal with Iran as soon as Tuesday to reopen the Strait of Hormuz and let commercial ships sail freely again, Treasury Secretary Scott Bessent claimed.
\u201cWe are in talks with the Iranians,\u201d Bessent said on CNBC\u2019s \u201cSquawk Box.\u201d Tuesday morning. \u201cThere is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict.\u201d<\/p>\n

Read more Iran-backed hackers likely behind attack that shut down Minnesota water plant \u2014 and they\u2019re not done yet<\/a><\/p>\n

Any deal would restore \u201cfreedom of movement\u201d through the key shipping lane, added Bessent, making clear Iran would not be allowed to slap tolls or fees on passing ships.<\/p>\n

The secretary\u2019s comments sent oil prices sliding, with crude dropping below $77 a barrel as traders bet the waterway could soon reopen.<\/p>\n

Bessent predicted prices could fall even more once hundreds of ships stuck in the Persian Gulf for months finally get moving.<\/p>\n

\u201cIt\u2019s not just energy. It\u2019s fertilizer, it\u2019s refined products, it is the various industrial gasses,\u201d he said. \u201cWe could see a big relief trade as those prices go down.\u201d<\/p>\n

Iran on Monday repeatedly denied discussing a deal over the Strait of Hormuz with the US, instead clarifying that Tehran was dealing with neighboring Oman, instead.<\/p>\n

\u201cTo avoid any misunderstanding, it is important to clarify what the current negotiations are about and who they are with. We are not negotiating with the United States at this time,\u201d Iranian Foreign Ministry spokesman Esmail Baghaei said.<\/p>\n

\u201cOur negotiations are with Oman and are focused on reaching an understanding on a route that will ensure the safe passage of shipping through the Strait of Hormuz,\u201d he added.<\/p>\n

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Even if a deal is reached, Iran says, it would only be temporary unless what it calls US \u201caggression\u201d ends.<\/p>\n

\u201cAs long as the US mischief continues, as long as the Iranian sea siege continues, as long as the US military aggression against Iran and its allies continues, there will be no [permanent] change in \u2026 Hormuz,\u201d added Baghaei.<\/p>\n

The potential breakthrough comes after President Trump said over the weekend he had called off a major strike on Iran to give diplomacy one last shot.<\/p>\n

\n<\/div>\n

About one-fifth of the world\u2019s oil passes through the Strait of Hormuz, and weeks of fighting have snarled shipping and rattled global markets.<\/p>\n

The US and Iran signed a memorandum of understanding on June 17 that would have reopened the strait, but the tentative deal quickly fell apart over where ships would sail.<\/p>\n

Iran wanted vessels to pass through its own waters, while the US insisted on open access throughout the international shipping route.<\/p>\n

After the talks collapsed, Iran attacked tankers sailing near Oman\u2019s coast under US protection. The US answered with 13 consecutive days of airstrikes and reinstituted its naval blockade of Iran\u2019s ports.<\/p>\n

Read more Greg Olsen is the wild card with Tony Romo\u2019s uncertain CBS future<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Treasury Secretary Scott Bessent said the US could reach a deal with Iran to reopen the Strait of Hormuz, sending oil prices below $77 a barrel.<\/p>\n","protected":false},"author":1,"featured_media":6128,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\nUS may have deal with Iran to reopen Strait of Hormuz 'today or tomorrow', Bessent says - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=6129\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US may have deal with Iran to reopen Strait of Hormuz 'today or tomorrow', Bessent says - 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