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At close · Mon, Aug 3, 2026
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HomeGlobal MarketsTrade & TariffsBessent says a deal could open Strait of Hormuz with f…

Bessent says a deal could open Strait of Hormuz with freedom of movement

CNBC reports that U.S. Treasury Secretary nominee Scott Bessent said there may be a deal as soon as Tuesday or Wednesday aimed at opening the Strait of Hormuz.

Bessent described the goal as enabling freedom of movement through the strategic waterway, according to CNBC.

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