A senior Trump administration official said an agreement to restore shipping through the Strait of Hormuz could be reached as soon as "today or tomorrow," fueling hopes of a diplomatic breakthrough despite…

US Treasury chief says deal would include freedom of movement for commercial ships, as another vessel hit in Hormuz.

Oil prices fell and stocks rose after the treasury secretaries comments in an interview on Tuesday morning.

United States Secretary Scott Bessent indicated a potential deal with Iran regarding the Hormuz Strait. He stated that negotiations are ongoing and a resolution might be reached…