Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'

The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview.

"We are in talks with the Iranians," Bessent told CNBC's "Squawk Box." "There is a chance we may have a deal today or tomorrow to open the Strait and move towards a more normalized position in this conflict."

The Treasury Secretary said the deal would allow freedom of movement in the strait when asked whether Iran would be allowed to charge a toll.

"It would be freedom of movement," Bessen staid. "Even though things are still a little dicey there over the past few days, we saw quite a few ships coming out even now."

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