As confusion reigns over Hormuz talks, Fortune gets exclusive access to a UN-backed plan to reopen the strait

The Strait of Hormuz is the key battleground in the U.S.-Iran war, with vital ship traffic all but halted in recent months. There is a project to break the impasse.

Iran and Oman are close to an agreement to fully reopen the Strait of Hormuz to shipping traffic that would see both countries collect a so-called "service fee" to cover environmental and security costs.

The United Kingdom Maritime Trade Operations Center said a ship reported being struck by an “unknown projectile” in the waterway.

This would give Iran control over areas that were international waters before the war, officials told the NYT.

Donald Trump has warned Iran that the country is facing its last chance for a deal to open the Strait of Hormuz.

Donald Trump has warned Iran that the country is facing its last chance for a deal to open the Strait of Hormuz.

Iran is negotiating with Oman to create a temporary two-way shipping corridor through the Strait of Hormuz, while pledging to restore maritime traffic to pre-war levels within 30 days there.Iran is negotiating with Oman to establish a temporary shipping corridor through the Strait of Hormuz that would function as a sin

Analysis • As Iran and Oman negotiate, Trump no longer has the upper hand on Hormuz  Haaretz

It would give Iran strategic leverage it did not have before the war.

The deal would address President Trump’s most urgent political problem by allowing ships to move again. But it would give Iran strategic leverage it did not have before the war.

The US President further claimed Washington had been prepared to launch a major military operation against Iran before diplomatic interventions from regional countries.

The new framework would give Iran a greater role in managing one of the world’s most strategically important maritime choke points.

NPR's Rob Schmitz speaks with Austin Ramzy of the Wall Street Journal about how China is able to import oil from Iran despite blockades on the Strait of Hormuz.

Tehran's announcement comes after Trump said US would hold off on new Iran attack in hope of quick deal.

Iran says Hormuz talks with Oman in final stages Iran's negotiations with Oman over the Strait of Hormuz are in their final stages, Foreign Minister Abbas Araqchi said, according to the IRNA news agency. Meanwhile, the foreign ministry spokesperson Esmail Baghaei said the talks are aimed at finding a mutually agr