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Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
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Oil steadied as US and Iranian negotiators were said to be exploring a phased deal that would see Tehran reopen the Strait of Hormuz.
Qatar Energy Minister Saad al-Kaabi discusses the future of the Strait of Hormuz and says that to call the strait obsolete is “wrong.” US Treasury Secretary Scott Bessent commented on Sept. 1 that the Strait of Hormuz will be like a worthless piece of water in two years. He spoke with Annmarie Hordern at the 2026 Qatar Economic Forum, UNGA Special Edition; Powered by Bloomberg. (Source: Bloomberg)
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