Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with 'freedom of movement'
"We are in talks with the Iranians," the Treasury secretary told CNBC's "Squawk Box."

"We are in talks with the Iranians," the Treasury secretary told CNBC's "Squawk Box."
Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz would allow freedom of navigation.
The filing came after Amazon climbed to an all-time high on Monday, extending gains sparked by last week's quarterly results.
P&G CEO Shailesh Jejurikar said the acquisition is a play to grow the company's health business on CNBC's "Squawk on the Street."
In China's biggest electronics marketplace, Huaqiangbei, technicians don't have the parts to make exact copies of Apple's latest phones.
President Donald Trump and Republican allies are escalating attacks that label Democrats communists after progressive candidates won elections and primaries.
The complaint alleges Amazon's third-party delivery model leads to lower wages, unfair working conditions and a lack of competition.
Attorney General nominee Todd Blanche will still need to receive 50 votes on the Senate floor to be confirmed after clearing the Senate Judiciary Committee.
"Our customers have declined to become vassal states of the language labs," Palantir's co-founder and CEO Alex Karp said after blowout second-quarter earnings.
Michigan's Senate Democratic primary between Abdul El-Sayed and Rep. Haley Stevens is one of the most closely watched races of the midterm election.
The July decline adds to a lackluster sales year for the automaker, with results off 9.7% compared with 2025.
The reports come after the company told CNBC in June that its annualized revenue was well above $1 billion.
As AMD prepares to report earnings Tuesday after the bell, market participants face a divergence between positive earnings results and negative price action.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
Paulson said voting with the majority last week wasn't a tough decision.
Foreign buyers are pulling back sharply from U.S. residential real estate, in part due to a pullback among workers that would qualify for H-1B visas.
McDonald's new U.S. President Skye Anderson has been with the company for 26 years and succeeds Joe Erlinger in the role.
Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.
Wayfair, a pandemic darling that's seen sales slow since lockdown orders were lifted, posted its strongest U.S. growth since 2020 during its second quarter.
McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
Pfizer said it cut its full-year revenue expectation for its Covid products to $4 billion, down from around $5 billion previously.
Merck cut its profit guidance due to a charge tied to its acquisition of biotech company Terns Pharmaceuticals.
A debate is brewing among tax practitioners regarding whether using AI to prepare tax returns should require a disclosure to clients.
President Donald Trump has warned that the latest round of negotiations with Iran are the "last chance" to bring an end to the five-month conflict.