Bessent Says a Deal to Reopen the Strait of Hormuz Could Come Within Days

Treasury Secretary Scott Bessent said the United States and Iran could reach an agreement to reopen the Strait of Hormuz with "freedom of movement" for shipping within a day or two, the most concrete signal yet that the blockade of the waterway may ease. The optimism came the same morning a trade vessel was struck by a projectile in the strait, a reminder that the corridor remains dangerous while negotiators talk. Roughly a fifth of the world's seaborne oil moves through the passage, and insurers have priced the region as the most hazardous since the war began.