Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall
US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.
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Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall
Grand Herald US session desk (2026-08-05): US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume. Primary source: original at BBC Business (bbc.co.uk).