U.S. and Iran Deal Possible This Week for Strait of Hormuz

Treasury Secretary Scott Bessent stated the U.S. and Iran may reach a deal by Tuesday or Wednesday to reopen the Strait of Hormuz, ensuring freedom of movement for commercial ships. This statement was made during an interview on CNBC's 'Squawk Box'. The potential agreement aims to lead towards a more normalized position in the ongoing conflict. The reopening of this critical waterway could have significant implications for global oil transportation and market stability.