IRGC sets conditions to reopen Strait of Hormuz as US seeks commitments to end attacks on ships in the waterway.

Follow live updates as crude hovers near $80/barrel amid US-Iran diplomatic hopes, Strait of Hormuz uncertainty, and fresh Houthi attacks on Saudi tankers in the Gulf of Aden.

The US, Iran and Oman are close to a temporary deal to reopen the Strait of Hormuz.