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Geopolitics

US Treasury Secretary says we may see an agreement today or tomorrow that will open the Strait of Hormuz for 30 to 60 days, and then energy prices will decrease, Al Jazeera reports

StockNow breaking-news AI analysis

US Treasury Secretary Bessent announced a pending 30-60 day agreement to reopen the Strait of Hormuz by tomorrow, which is expected to lower energy prices and improve global supply stability.

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A US official familiar with the negotiations confirmed the temporary route was discussed and said it would be limited to a period of 60 days, ABC reports