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Bessent: possible agreement on Hormuz in a few hours

·1 min read·2 outlets

The short version

A possible agreement for the Strait of Hormuz could be reached in a few hours according to Bessent's statements. The price of Brent oil fell below $80.

Bessent stated that an agreement for the Strait of Hormuz could be reached in a few hours.2,1 The price of Brent oil fell below $80 after Bessent's statements.1 Qatar confirmed the existence of talks on Hormuz, but pointed out that they are not direct.2

European stocks rallied after Bessent's statements, with Milan up 1.08%.1 Frankfurt rose by 0.60%, London and Paris by 0.40%.1

Why it matters

  • The Strait of Hormuz is the obligatory passage for about a fifth of the world's oil that transits to Asia, Europe and the United States.2

  • Brent is the main benchmark for the price of oil globally.1

This account was written from the 2 reports listed below, filed by 2 independent outlets, and checked against them line by line. It is not a copy of any one of them. Spotted an error? Tell us.

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2 source reports

2 outlets · 1 countries · citation numbers match the article

  1. 1

    Rai News · IT

    Bessent apre su un accordo su Hormuz, petrolio Brent sotto gli 80 dollari

    Aug 4, 2026

    Factliner text translated from Italian

  2. 2

    ANSA · IT

    Spiragli per Hormuz: 'Un accordo possibile in poche ore'

    Aug 4, 2026

    Factliner text translated from Italian

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