By Steve Holland and Timour AzhariWASHINGTON/RIYADH, Aug 7 (Reuters) - A U.S. official on Fridayreported progress between Iran and Oman that could soon reopen the Strait of Hormuz, potentially restoring oil exports that have been disrupted by the five-month-old U.S. war with Iran.The U.S. official, who declined to be identified, said Washington soon anticipated an agreement between the two countries, which sit on either side of the strait, so that normal oil traffic could resume.

Iran says talks with Oman are proceeding 'positively' as US officials say a deal could be possible soon.

According to the news portal, the agreement's effect may be extended beyond 60 days

The United States is nearing an interim agreement with Iran and Oman. This deal aims to reopen the Strait of Hormuz and restore a ceasefire. The arrangement will govern maritime…