Washington DC, Aug. 4 -- Amid diplomatic engagements between Washington and Tehran to reopen the Strait of Hormuz, US Treasury Secretary Scott Bessent on Tuesday signalled a possible breakthrough in talks with the Islamic Republic, noting that the agreement to reopen the strategic waterway could be reached "today or tomorrow".

Speaking during an interview with CNBC, Bessent said the development comes on the heels of the threats issued by US President Donald Trump's last week on Iran, which he described as one of the largest potential military campaigns since World War II.

"We've seen President Trump last week threaten what would have been one of the largest military campaigns since World War II against the Iranians. Because of that, we ...