NewsDialy
A deal over the Strait of Hormuz, the narrow waterway at the mouth of the Persian Gulf and a critical passage for the world's seaborne oil trade, may be within reach.
Treasury Secretary Scott Bessent said so directly, and President Donald Trump sharpened that message with a warning: the current round of negotiations with Iran is a "last chance" to end a five-month conflict.
The Hormuz question The Strait of Hormuz has long sat at the center of disputes involving Tehran.
Threats to restrict passage through it have historically rattled energy markets, because the waterway carries a significant portion of global seaborne oil exports.
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