Bessent says US, Iran could reach ceasefire deal Aug 7-8
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Treasury Secretary Scott Bessent says a ceasefire agreement between the United States and Iran could be reached as early as Aug. 7 or 8. The potential deal would last 30 to 60 days and reopen the Strait of Hormuz, even as Washington keeps up military and economic pressure on Tehran.
The Proposed Terms
Bessent outlined the framework in an interview with 12News, saying a deal could include a 30- to 60-day halt to hostilities. The reopening of the Strait of Hormuz, a vital oil transit chokepoint, would be a central component. He stressed that the U.S. is pressuring Iran through two parallel campaigns: the military operation Epic Fury and the Treasury initiative Economic Fury.
Hormuz’s Changing Role
Bessent stated that the strait will never operate as it did before, accusing Iran of weaponizing the waterway. As a result, some energy flows may be permanently rerouted along alternative paths. The remarks signal a long-term U.S. strategy to reduce global dependence on Hormuz.
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