The Hindu·4 min read·medium
U.S. Treasury Secretary says chance of Hormuz deal with Iran by August 5
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AFP
✦AI Summary
U.S. Treasury Secretary Scott Bessent expressed optimism regarding a potential deal with Iran to reopen the Strait of Hormuz by August 5, 2026. Despite ongoing tensions and a recent projectile strike on a cargo ship, officials suggest progress is being made to stabilize global energy prices.
Treasury Secretary Scott Bessent said that the United States could reach a deal with Iran to reopen the Strait of Hormuz by Wednesday (August 5, 2026), adding that this would stabilise energy prices.
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