Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'

CNBC Tuesday 04 August 2026, 11:56 UTC 1 min read

Key Points

watch now The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement, 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 or tomorrow to open the Strait and move towards a more normalized position in this conflict."

Bessent (PERSON) Strait (LOCATION) U.S. (LOCATION) Iran (LOCATION) the Strait of Hormuz (LOCATION) Treasury (ORG) Scott Bessent (PERSON) Iranians (ORG) CNBC (ORG) Squawk Box (PERSON)

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Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'

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