+34
Treasury Secretary Scott Bessent said on Aug 4 that the United States could reach a deal with Iran to reopen the Strait of Hormuz by Aug 5, which would stabilize energy prices. He mentioned ongoing talks and expressed optimism despite a recent projectile hitting a cargo ship in the area.
The Strait of Hormuz is a key point of tension in the US-Iran conflict. Set as preferred sourceWASHINGTON – Treasury Secretary Scott Bessent said on Aug 4 that the United States could reach a deal with Iran to reopen the Strait of Hormuz by Aug 5, adding that this would stabilise energy prices.
“We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalised position in this conflict,” Bessent said in an interview with CNBC. Asked if a deal would allow Iran to charge a toll on shipping using the strait, Bessent said: “I think it would be freedom of movement.
”after he pulled back from threats of a massive military strike on Iran. On Aug 4, an unknown projectile hit a cargo ship in the Strait of Hormuz, a key point of tension in the US-Iran conflict. Bessent was upbeat on the impact a deal with Iran over the strait would have on energy prices, where he said hundreds of ships are waiting to go out.
“Even though things are still a little dicey there over the past few days, we’ve quite a few ships coming out even now,” he said. “So you know, I’d expect the energy prices to settle back down, which, as I said, will be good for the entire world. ” AFP
Please follow us on Google to support usStrait Of Hormuz US-Iran Conflict Scott Bessent Energy Prices Deal
Singapore Latest News, Singapore Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
US President Donald Trump Announces New Negotiations with Iran to Address Strait of Hormuz DisputeUS President Donald Trump announced new negotiations with Iran starting August 3 to address the Strait of Hormuz dispute and Iran's denuclearisation. Trump halted planned US strikes on Iran after requests from Iran and Gulf partners, aiming to pursue a diplomatic resolution to the six-month conflict.
Read more »
PM Wong to deliver 2026 National Day message on Aug 8Prime Minister Lawrence Wong will deliver this year's National Day message on Aug 8 (Saturday), the eve of National Day.PM Wong, who is also the Minister for Finance, will deliver his message in English.His message will be broadcast at 6.45pm on CNA and radio station CNA938.
Read more »
PM Wong's National Day Message on Aug 8Singapore Prime Minister Lawrence Wong will deliver the National Day Message on Aug 8, with translations available in multiple languages. Read more at straitstimes.com. Read more at straitstimes.com.
Read more »
US Stocks Hit Record High as Oil Prices Drop, Treasury Yields FallUS stocks started August on a strong note, sending the Dow Industrials to a closing record high. Oil prices fell about 5 per cent after US President Donald Trump announced talks with Iran, and Treasury yields declined. Communication services led the S&P gains while energy dropped. Earnings growth remains robust.
Read more »