U.S. says Strait of Hormuz is 'free and open' as Bessent signals deal with Iran is close
U.S. Central Command said the "southern route of the Strait of Hormuz remains free and open"
TL;DR
- U.S. Central Command announced the southern route of the Strait of Hormuz remains open for commercial vessels.
- Treasury Secretary Scott Bessent suggested a deal with Iran to open the Strait of Hormuz could be imminent.
- Oil prices fell sharply following Bessent's remarks but saw a slight increase afterward.
- Reports indicate the U.S. military has depleted significant stockpiles of long-range precision missiles and missile defense interceptors.
- The White House and President Trump have stated that the U.S. has ample munitions.
- Middle East diplomat and Pakistan government official sources suggest a document for reopening the Strait is close to finalization, with indirect U.S. involvement.