Banners depicting Iran's late Supreme Leader Ayatollah Ali Khamenei and Iran's Supreme Leader Mojtaba Khamenei hang during the Arbaeen rally in Tehran, Iran. File
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Amid diplomatic engagements between Washington and Tehran to reopen the Strait of Hormuz, U.S. Treasury Secretary Scott Bessent on Tuesday (August 4, 2026) signalled a possible breakthrough in talks with the Islamic Republic, noting that the agreement to reopen the strategic waterway could be reached “today or tomorrow”.Read | New talks ‘last chance’ for Iran to forge deal, avoid escalation of U.S. strikes: TrumpSpeaking during an interview with CNBC, Mr. Bessent said the development comes on the heels of the threats issued by U.S. President Donald Trump’s last week on Iran, which he described as one of the largest potential military campaigns since World War II.Also read | What’s at stake in the latest U.S.-Iran talks?Mr. Bessent’s remarks come as a positive turn towards diplomacy after Washington’s slew of heightened rhetoric amid the pause of hostilities with Tehran following days of strikes by the U.S.Follow the live for more updatesAugust 05, 2026 09:17 Iran-Oman diplomatic engagement on Hormuz enters new phase, reports Iranian media
