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U.S. Treasury

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Treasury Secretary Bessent Signals Imminent Hormuz Deal, Oil Prices Plunge
Geopolitics
[SID-CMSEM]
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Watch PriorityDeveloping

Treasury Secretary Bessent Signals Imminent Hormuz Deal, Oil Prices Plunge

worth trackingUpdated 17h ago

Key takeaway: Treasury Secretary Scott Bessent announced a potential deal to reopen the Strait of Hormuz within 48 hours, leading to an immediate drop in global oil prices.

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