Hormuz Deal or Disaster | Calgary News

Calgary News Today | 2 Min News | The Daily News Now! · Aug 5, 2026 · 1m

Tensions simmer as U.S. Treasury Secretary Scott Bessent hints at an imminent deal to reopen the Strait of Hormuz — Iran’s “last chance,” according to Trump — amid recent attacks on merchant ships and a sinking Indian vessel. While Iran demands tolls and control, the U.S. pushes for open access, sparking oil prices to plunge over six percent. Diplomatic efforts involve Oman and Iran, with no direct U.S.-Iran talks planned, as Houthi rebels further complicate shipping lanes in the Red Sea. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on…