Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'

Treasury Secretary Russell Bessent said on Monday that negotiations regarding the Strait of Hormuz could reach an agreement by Tuesday or Wednesday. Bessent stated the potential deal would include "freedom of movement" through the waterway. The Strait of Hormuz is a critical shipping channel between the Persian Gulf and the Gulf of Oman through which roughly one-third of global maritime trade passes. No details about the terms of the proposed agreement or the parties involved were provided.

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