Treasury Secretary Scott Bessent says a deal may be possible within hours, while fresh attacks in regional waters continue to keep tensions elevated.
Image: NBC News
The United States and Iran appear to be edging closer to a possible agreement over the Strait of Hormuz, raising hopes of a diplomatic breakthrough despite renewed violence in regional waters.
US Treasury Secretary Scott Bessent told CNBC that “there is a chance we may have a deal” within the next few hours, reinforcing recent comments by President Donald Trump that progress is being made in the talks.
The discussions are believed to focus on security arrangements for the Strait of Hormuz, a vital shipping route through which a large share of the world’s oil exports passes.
At the same time, fresh maritime attacks in the Gulf region have kept tensions elevated, highlighting the fragile security situation and the continuing risks to commercial shipping.
Analysts say that if a deal is reached, it could help reduce fears of a wider regional confrontation and ease pressure on global energy markets, which remain highly sensitive to developments around the Hormuz waterway.
