Iran says deal is close with Oman over Strait of Hormuz

Iran says it is close to a deal with Oman over navigation on the Strait of Hormuz, in the latest effort to end the U.S.-Iran conflict.

Under the proposed agreement Tehran would control inbound traffic according to reports Understanding reached on coordinates for shipping route through Hormuz, Iran says Pakistan, which has played a key role in mediating talks between the US and Iran, said it hopes the Hormuz deal will pave the way for the resumption

Trump's latest remarks signaling again that a deal with Iran to reopen the Hormuz Strait is close at hand drove oil prices lower and sent stocks soaring.

Iran has seized de facto control of the strait - a strategic waterway for the global energy trade.

Iran says it isn't negotiating with the United States — but it is talking to another country that could deliver one of President Trump's biggest foreign policy goals: reopening the Strait of Hormuz.