US Treasury Secretary Scott Bentsen predicted that an agreement on the opening of the Strait of Hormuz with Iran would be reached on the 4th or 5th. Negotiations between the two countries have been underway recently as the US has threatened military action against Iran. Secretary Bentsen expected that if the Strait of Hormuz were opened, Iran would not impose tolls and all ships would be free to pass. Although the situation in the strait has been unstable in recent days, many ships are escaping, raising expectations for energy price stability and a positive global impact.
