Iran and Oman make progress on a deal to reopen the Strait of Hormuz, officials say

Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz, a potential breakthrough that could help wind down the war in the Middle East

Qatar, which has mediated, said a draft deal was being circulated, while the U.S. Treasury secretary suggested an agreement may be imminent.

Oil prices fell to a three-week low on Tuesday as senior US officials raised hopes of a deal with Iran to reopen the key Strait of Hormuz waterway.

Qatar FM spokesman Dr. Majed al-Ansari says indirect talks are continuing to avoid further regional escalation.

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.

"There's been progress made in those talks, but not finality yet. We're hoping that will happen very shortly," Rubio told reporters at the State Department.

Asked if ships would have to pay a toll to use the Strait of Hormuz, Scott Bessent said vessels would be allowed to pass freely.

WASHINGTON — The US could lock down a deal with Iran as soon as Tuesday to reopen the Strait of Hormuz and let commercial ships sail freely again, Treasury Secretary Scott Bessent claimed.“We are in talks with the Iranians,” Bessent said on CNBC’s “Squawk Box.” Tuesday morning. “There is a chance we may have a...

Oil prices turned sharply lower on Tuesday after a Qatari official talked about a potential short-term deal between the U.S. and Iran.

Brent crude drops 4% as US Treasury secretary says Washington and Tehran could reach agreement on Tuesday or Wednesday

Trump said on Monday that talks with Tehran were under way and Iran faced a ‘last chance’ to reach a deal

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

Iran suggested negotiations to get more ships moving through the Strait of Hormuz are making progress. Foreign minister Abbas Araghchi said discussions between the Islamic Republic and Oman over management of the strait are in the final stages. This comes after US President Donald Trump called off what he said was a ma

Iranian official says they are close to reaching Hormuz deal with Oman  Spokesperson for Iran’s parliamentary National Security Committee, Hassan Qashqavi, said that Tehran is close to reaching an agreement with Oman over the Strait of Hormuz. He also confirmed that the country's mediators were seeking to revive

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.