U.S. Treasury Secretary Scott Bessent has indicated that a possible agreement with Iran could be reached within days to reopen the Strait of Hormuz, one of the world's most important energy shipping routes. Bessent said such a deal would restore freedom of movement for commercial vessels, as diplomatic efforts continue amid heightened U.S.-Iran tensions.
The comments triggered a reaction in global oil markets, with prices easing on hopes that a breakthrough could reduce disruptions to energy supplies. However, no final agreement has been announced, and negotiations remain ongoing.
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