US, Iran, Oman edge closer to deal that could temporarily reopen Strait of Hormuz - report

Washington is aiming for an interim agreement between the US, Iran, and Oman that would reopen the Strait of Hormuz to be announced Wednesday.

CAIRO (AP) -- Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz, a potential breakthrough that coul

Oil Falls Amid Prospects of U.S.-Iran Deal to Reopen Strait of Hormuz  WSJ

Under the emerging agreement, ships would enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged for providing security and preserving the maritime environment, two regional officials told The Associated Press.

The final details of a deal remain unclear, but Tehran may be close to gaining greater control of the strategic waterway than it had before the Trump administration started attacking Iran in late February.

Secretary of State Marco Rubio says there's been progress in talks between Iran and Oman on opening the Strait of Hormuz. CBS News' Nancy Cordes reports.

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

Iran and Oman are working on a plan to reopen the Strait of Hormuz, and other Mideast developments

Iran and Oman are inching toward a deal to reopen the Strait of Hormuz and potentially help bring an end to the war

Marco Rubio, US Secretary of State, said there has been progress in negotiations to reopen the Strait of Hormuz.

The strait was an open international waterway before the U.S. and Israel attacked Iran on Feb. 28.

Iran and Oman working on plan to reopen the Strait of Hormuz, and other Mideast developments  AP News

State of the Union: Tehran maintains negotiations with Washington are not occurring, contradicting the Trump administration.

S&P 500 hits record high as Iranian and Omani negotiators agree on temporary shipping arrangement

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, regional officials said Tuesday.

Under the emerging agreement, ships would enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged.

A framework that gives Tehran a formal role in determining how ships move through the waterway could strengthen its hand in future negotiations with the US.

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.

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

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...

Iran, Oman make progress on deal to reopen Strait of Hormuz: officials  Arab News

Deal appears contingent on U.S., which has ruled out handing Iran control over the strait

This is the web version of Fortune Gulf Brief, a weekly newsletter providing smart coverage on the capital, leaders, and policies transforming one of the world’s most consequential regions. Sign up to get it delivered free to your inbox. Welcome to this week’s Fortune Gulf Brief. We’ll be covering: Thank you for subscr

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.

Tehran warns it will target US vessels attempting to alter approved shipping corridors or maintain a naval blockade.

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

Oil prices fall on potential US-Iran deal to open Strait of Hormuz  thenationalnews.com

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.

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

A liquefied natural gas (LNG) tanker carrying a Qatari cargo was struck by a projectile while traversing the Strait of Hormuz, threatening super-chilled fuel supplies and driving oil prices to their biggest gains since March amid escalating regional conflicts. According to Bloomberg, security consultancies Vanguard Tec