‘Last chance’: Bessent says Hormuz deal is in sight after Trump's warning on Iran talks
President Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end to the five-month conflict.
TL;DR
- Treasury Secretary Scott Bessent believes a deal to reopen the Strait of Hormuz is imminent.
- President Donald Trump described the current negotiations with Iran as the "last chance" to end the five-month conflict.
- Oil prices initially rose but then reversed sharply following Bessent's comments and Qatar's confirmation of diplomatic efforts.
- Iran has denied that direct negotiations with the U.S. are taking place.
- Qatar's diplomats are working with other mediators to facilitate talks and exchange drafts between the U.S. and Iran.
- U.S. Central Command has redirected commercial vessels as part of its ongoing blockade of the Strait of Hormuz.