U.S. Treasury Secretary Scott Bessent said Tuesday that the United States and Iran could reach a deal this week to reopen the Strait of Hormuz, noting that the deal would be about "freedom of movement" in the crucial waterway.

US Treasury Secretary Scott Bessent suggested increasing a key emergency liquidity facility. This facility helps stabilize the Japanese yen amid market volatility. Global bond markets have significantly expanded since the mechanism was created.

Following is the unofficial transcript of a CNBC interview with U.S. Treasury Secretary Scott Bessent on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Tuesday, August 4. Following

"We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalised position in this conflict," Bessent said

Emerging Iran-Oman agreement said to give Tehran unprecedented control over waterway; sources say US has used ‘virtually all’ its long-range precision missiles during war The post US treasury secretary says deal with Iran to reopen Hormuz could be sealed by Wednesday appeared first on The Times of Israel.

U.S. Treasury Secretary Bessent reports subdued core inflation trends. Inflation at 3.3% or less in July priced at 32.5% YES.

The United States could reach an agreement with Iran as early as Wednesday to reopen the Strait of Hormuz and restore the free movement of commercial ships, US Treasury Secretary Scott Bessent said