Event details
Treasury Secretary Scott Bessent told CNBC that a deal could be reached with Iran "today or tomorrow" to open the Strait of Hormuz to freedom of movement, saying "We are in talks with the Iranians." The claim echoed Trump's statement the previous day that talks were going on right now, and was contradicted the same day by Tehran.
Context
Putting a same-week timeline on a reopening is the kind of statement freight and insurance markets price immediately, and it is being made by the department that administers the sanctions rather than by the State Department.
- Local time
- 9:00 AM New York time, Aug 4, 2026
- Location
- Washington, D.C., United States
- Relationship
- Update