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The Economic Times

Global Business / The Economic Times

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US sees Hormuz reopening deal with Iran by Wednesday: Bessent

United States Secretary Scott Bessent indicated a potential deal with Iran regarding the Hormuz Strait. He stated that negotiations are ongoing and a resolution might be reached by Tuesday or Wednesday. This agreement could lead to the reopening of the vital shipping lane. Such a development would move the conflict towards a more normalized position. The Secretary shared these remarks during an interview with CNBC.

4 Aug 2026 5:55 pm