Qatar, Bessent Signal Iran Deal Could Be Coming

Summary

Bloomberg's Jeff Mason discusses rising hopes for a US-Iran deal to reopen the Strait of Hormuz, with Qatar and Oman mediating a draft short-term proposal. President Trump issues a 'last chance' threat while the US military's munition exhaustion emerges as a background factor. Key sticking points include whether Iran or Oman would be allowed to charge tanker fees, which the US opposes.

• Qatar confirms a draft proposal for a US-Iran deal to reopen the Strait of Hormuz.
• Treasury Secretary Bessent signals a possible agreement as early as Tuesday or Wednesday.
• President Trump calls it Iran's last chance, threatening severe military action if no deal.
• Oman is acting as interlocutor, working on a short-term deal to bring parties to mediation.
• A point of contention is whether Iran or Oman could charge fees on tankers; Trump opposes it.
• US military munition exhaustion is raised as a factor in the negotiations.
• No explicit market or investment call is made in the conversation.