Iran, Oman, US ‘close’ to Hormuz deal: What do they all want?
Iran, Oman, and the US are reportedly close to an interim agreement aimed at reopening the Strait of Hormuz, a crucial waterway for global oil supplies. Negotiations, mediated by Oman, seek to restore a June ceasefire, resolve shipping disputes, and create space for broader talks on Iran's nuclear program. US President Trump expressed optimism about a deal being imminent, while Iran denies direct talks with Washington, stating discussions are with Oman regarding the strait's management. Tensions remain high, with a recent incident involving a struck cargo ship and significantly disrupted commercial traffic. The core of the negotiations involves who controls the strait and Iran's potential to impose fees, with mediators working to balance shipping resumption with the security concerns of Iran and Oman.