The U.S. and Iran could reach a deal on Tuesday or Wednesday to reopen the Strait of Hormuz with freedom of movement for commercial ships, Treasury Secretary Scott Bessent said in an interview. "There is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict." "It would be freedom of movement," the Treasury secretary said when asked whether Iran would be allowed to charge a toll. President Donald Trump said Saturday that he called off a major attack on Iran to allow for negotiations to reopen Hormuz. Ship traffic through Hormuz briefly rebounded before the deal collapsed due to disagreement between Washington and Tehran on which route ships could use to transit the strait.