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Washington: Potential Agreement to Reopen the Strait of Hormuz "Today or Tomorrow"

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07-08-2026 08:17 PM

jordan pulse -

Amman — US Treasury Secretary Scott Bessent stated that the United States may reach an agreement "today or tomorrow" allowing the temporary reopening of the Strait of Hormuz for 30 to 60 days, adding that the move is expected to drive down global energy prices.
Bessent emphasized that Washington maintains severe economic pressure on Iran, estimating that inflation in the country has escalated to between 150% and 180% as Tehran struggles to fund its military apparatus.
He asserted that the strategic waterway "will not return to its previous status" after being weaponized as a point of leverage, underscoring the critical importance of the maritime corridor for global energy transit.
New Financial Sanctions & Maximum Pressure Campaign
In parallel, the US Department of State announced fresh sanctions targeting Iranian-linked financial networks to sever illicit cash flows to Tehran.
Targeted Entities: Currency exchange bureaus and front companies accused of facilitating the movement of hundreds of millions of dollars, granting Tehran access to oil revenue, and bypassing sanctions.
Maximum Pressure Policy: The State Department reaffirmed that President Donald Trump's administration is firmly pursuing its "maximum pressure" strategy, warning third parties against facilitating Iranian sanctions evasion under threat of severe consequences.
International Isolation: Washington pledged to continue working alongside international partners to constrain Iran's ability to fund destabilizing activities and restrict its access to the global financial system.


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