Bessent said a deal between the U.S. and Iran is imminent
U.S. Treasury Secretary Scott Bessent stated that the United States could reach an agreement with Iran within the next one or two days.
According to him, the parties are discussing the possibility of concluding a 30- or 60-day ceasefire agreement.
Bassent also stated that Iran is under intense economic pressure.
“We have them by the throat. They have 150–180% food inflation; they cannot sustain their military,” the minister said.
Source: 12 News AZ.
U.S. President Donald Trump stated that the Strait of Hormuz could be fully open to international shipping as early as August 4. After that, he said, Washington and Tehran will move on to a new phase of negotiations focused on Iran’s nuclear program.
U.S. President Donald Trump also called on American oil companies to immediately lower gas prices for consumers. Separately, he criticized Chevron CEO Mike Wirth.
