US Treasury Secretary told CNBC on Tuesday that there is a chance to reach an agreement to reopen the Strait of Hormuz as early as today or tomorrow, citing the pressure from Trump's earlier threat of a massive military operation. The statement follows an earlier projection by the same official that a deal could be reached by Wednesday.
The US Treasury Secretary told CNBC on Tuesday afternoon that a deal to reopen the Strait of Hormuz could be reached as early as today or tomorrow, citing pressure from President Trump's earlier threat of a massive military operation. "I think there is a chance we can reach a deal today or tomorrow to open the strait," the Secretary said. The remarks mark a return to the most optimistic timeline after a more cautious projection earlier in the day.
At 14:47 Jerusalem, The Zioneer reported that the Treasury Secretary had said a deal could be reached by Wednesday, following an earlier statement that a deal could be signed today or tomorrow. The new remarks, made shortly after that publication, represent an updated assessment from the same official, shifting the timeline back to the most immediate window.
The ongoing negotiations follow weeks of escalating rhetoric from Washington. As The Zioneer reported on Monday, Aug 3, 02:19 Jerusalem, President Trump revealed that a planned US military operation against Iran was intended to be the largest since World War II. Later that day, at 21:37 Jerusalem, Trump warned of a "beheading" strike against the Iranian regime if talks fail. The Strait of Hormuz, through which about 20% of global oil passes, has been a focal point of the crisis, with Iran threatening to close it to Israel-linked vessels.
No final agreement has been announced, and the Secretary's remarks were framed as a possibility rather than a certainty. The timeline remains fluid, with no confirmed deal at this hour.
3 developments
- StrongTrump warns he may impose Strait of Hormuz tolls if no Iran deal in 60 days
- StrongTrump says Iran talks ongoing 'right now,' threatens to 'decapitate' Iran if talks fail
- StrongTrump threatens to 'blow the sh*t out of' Iran over Strait of Hormuz
- StrongArabic sources: US will attack Iran if Strait of Hormuz not reopened by Tuesday
Source and signal
- Open-source intake