Hyderabad, Aug. 4 -- US Treasury Secretary Scott Bessent said on Tuesday, August 4, that a deal with Iran to reopen the Strait of Hormuz is likely to happen in two days.

"We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalised position in this conflict," Bessent said in a CNBC interview.

When asked if Iran would continue charging a toll, he said the deal would permit freedom of movement in the Strait. "It would be freedom of movement. Even though things are still a little dicey there over the past few days, we saw quite a few ships coming out even now."

The Treasury Secretary also said that he expects the energy prices to settle back dow...