Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down

CAIRO (AP) — Iran said Wednesday it is in the “final stage” of drafting an agreement with Oman over the Strait of Hormuz, and U.S. President Donald Trump has said a deal could be announced this week. That could potentially reopen the critical waterway, ease pressure on the world economy and help bri

Iran and Oman have moved closer to an agreement on the Strait of Hormuz

Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down  AP News

The agreement is likely to be contingent on the U.S. lifting its blockade on Iran’s ports. The Trump administration has previously ruled out any deal that would cement Iran’s grip over the strait.