Iran nears Hormuz deal with Oman
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Trump says Iran sought halt to biggest attack since WWII
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U.S. officials have repeatedly insisted they would never agree to Iran controlling access to the world's most important trade route for energy supplies.
The secretary of state said progress has been made in the Iran-Oman talks but that no final agreement has been reached, adding, "We're hoping that will happen very shortly."
The US has used up nearly 80% of interceptors for a key missile defense system, according to sources, as mediators seek to bring Washington and Tehran back to the negotiating table. Follow for live updates.
Crude prices rose Wednesday after Yemen's Houthis claimed they had struck a Saudi Arabian oil tanker in the Red Sea.
The status of the war remains in limbo, as Washington and Tehran offer differing versions of reality.
Scott Bessent, America’s treasury secretary, said that Iran could agree to reopen the Strait of Hormuz “today or tomorrow”. The price of Brent crude, the oil benchmark, fell by 4% following his comments to CNBC.
Iran is escalating military pressure, proxy attacks and indirect diplomacy through Oman to push the US towards concessions over the Strait of Hormuz while denying President Donald Trump's claims of direct negotiations.
President Trump says he wants to give Iran every last chance before taking further military action. This comes after the president postponed airstrikes over the weekend, while demanding the Strait of