U.S. Treasury Secretary Scott Besent has announced that reaching an agreement regarding the Strait of Hormuz with Iran is imminent, predicting that a ceasefire involving the reopening of this vital waterway will be announced shortly.
Besent stated in his remarks that he expects a ceasefire agreement "perhaps today or tomorrow," lasting between 30 to 60 days, noting that this period would see the reopening of the Strait of Hormuz to navigation.
The U.S. Treasury Secretary added that Washington's pressures have, according to him, caused significant harm to the Iranian economy, highlighting that food prices in Iran are experiencing high inflation levels.
Besent considered that the economic pressures are a key element of the United States' strategy to push Tehran towards reaching an agreement, coinciding with ongoing political efforts regarding navigation security in the Strait of Hormuz.
At the same time, the American official reiterated Washington's stance against Iran acquiring a nuclear weapon, stressing that the United States "will not allow that under any circumstance."
Besent's statements come amid escalating diplomatic communications regarding navigation arrangements in the Strait of Hormuz and de-escalation efforts, with anticipation for potential announcement of a temporary agreement in the near future.