The United States Treasury Secretary Scott Bessent has told CNBC that there’s “a chance” the Trump administration and the Islamic Republic of Iran will reach a deal within the next 24 hours over the Strait of Hormuz (SoH).
If that’s the case, it’d mark the second time in the Iran War that the two sides agreed to allow civilian shipping to move through the SoH once more free of charge (the first time being with the Memorandum of Understanding).
President Donald J.