Oman and Iran have agreed to a framework that would open new shipping lanes in Hormuz without Tehran charging a fee; At the same time, the US president assessed that the fighting was close to an end: 'I don't think the Iranians can continue much longer.'

US president Donald Trump has signalled that a possible breakthrough in talks with Iran could come within 48 hours, while warning Tehran that the Strait of Hormuz must reopen…

Regional negotiators finalized a draft accord awaiting approval from Iran, as attacks on shipping continue and Brent crude holds near $80.