Scott Bessent predicts US-Iran deal on Strait of Hormuz by Tuesday, oil prices slide

President Donald Trump has offered Iran one last chance for a deal, while Iran focuses on Strait of Hormuz talks. Scott Bessent predicts a US-Iran agreement by Tuesday, leading to sliding oil prices. This potential deal could ease global inflation pressures, impacting monetary policy and asset valuations, and potentially boosting stablecoin use. Meanwhile, Trump's ultimatum increases diplomatic tensions, which may further influence global oil markets and shift the strategic priorities of Iran during these negotiations.