US Treasury Secretary Scott Bessent says a ceasefire deal with Iran to reopen the Strait of Hormuz could come within days, as oil prices drop

Treasury Secretary Scott Bessent says the U.S. and Iran may agree to reopen the Strait of Hormuz within two days, and Polymarket traders give an August agreement a better-than-even chance. What they don’t believe is that ships will start

Scott Bessent, America’s treasury secretary, said that Iran could agree to reopen the Strait of Hormuz “today or tomorrow”. The price of Brent crude, the oil benchmark, fell by 6% following his comments to CNBC.

Iranian lawmakers are weighing a sweeping bill that would bar US, Israeli and other “hostile” ships from the vital Strait of Hormuz.