Iran and Oman are making progress on a deal to reopen the Strait of Hormuz. This potential agreement involves shared control and service fees for maritime passage. US officials confirm talks are ongoing but not yet finalized. President Trump stated this is Iran's last chance to avoid escalation. A cargo ship was recently hit by an unknown projectile in the strait.

TEHRAN: Iran on Sunday (Aug 2) said it was nearing a deal with Oman over a new route through the Strait of Hormuz, hours after the US called off major strikes to allow for…

Iran and Oman report progress in talks to manage Strait of Hormuz tensions. Diplomatic meeting by August 31, 2026 at 40.5% YES.