Despite the apparent step towards yielding to Iranian demands, the sources pushed back against assertions by U.S. President Donald Trump that a deal reopening the strait was imminent, saying important details still had to be agreed.

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…

The proposed system would route incoming ships near Iran and outgoing vessels near Oman, while Washington insists Tehran will not control access or collect payments

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…