Iran says talks with Oman over reopening the Strait of Hormuz are nearing their final stages, but that reopening the waterway depends on further conditions and compensation for what Tehran calls violations…

The two countries that border the crucial waterway have been negotiating a plan for the management of maritime traffic since last month.

The wait for an Iran-Oman deal that partially reopens the Strait of Hormuz continued into Thursday morning. Find out more here