Iran‑U.S. Negotiations May Lead to Hormuz Passage Clearance Soon

Washington’s Treasury Secretary Scott Benson told CNBC on Tuesday that discussions with Tehran are moving toward a possible settlement that could reopen the Hormuz Strait as early as Wednesday. He suggested that the agreement would allow vessels to navigate the waterway without restrictions, ending the current impasse that has trapped hundreds of ships.

The Treasury chief highlighted that the reopening would likely drive down energy prices and also improve the supply chain for fertilizers, refined petroleum products and industrial gases, sectors that have felt the impact of the blockage.

State Secretary Marco Rubio emphasized that while the United States seeks a comprehensive nuclear deal with Iran, the immediate focus is the safe and free flow of maritime traffic through Hormuz. Neither side has announced a final accord, but optimism remains high among diplomatic circles.

Qatar confirmed its role as a mediator, stating that both Washington and Tehran are reviewing shared draft language. The Qatari foreign ministry expects the mediation to reignite direct talks soon.