A possible agreement between Iran and Oman over the Strait of Hormuz could be a “very bad outcome” for the U.S., a former defense secretary said, as President Donald Trump remains involved in talks to reopen the Middle East waterway.

The head of Iran’s Supreme National Security Council said that the Strait of Hormuz would remain closed until the United States met certain conditions.

Iran is betting that military pressure will ultimately force the United States to accept Tehran's control over the Strait of Hormuz — and that time is on its side. But its strategy carries risks.

Vance's latest remarks come on a day when Iran’s Islamic Revolutionary Guard Corps (IRGC) said that the reopening of the Strait of Hormuz depends on Washington accepting Tehran’s conditions, distancing the issue from ongoing negotiations between Iran and Oman.

Since the beginning of the Middle East conflict in late February, missiles and drones have attacked more than 15 Adnoc vessels while transiting the Strait of Hormuz

Vice President J.D. Vance talks about the status of the Iran War in an interview with FOX News host Kayleigh McEnany on "Saturday in America." KAYLEIGH MCENANY, FOX NEWS HOST: It's Saturday in America.

On Friday, oil prices experienced a modest rise amid shipping uncertainties in the Strait of Hormuz. Traders exhibit caution regarding transit through this critical route. Meanwhile, US President Donald Trump hinted at a potential resolution to the ongoing conflict.

Giovanni Sardagna (Investor Relations Officer) reported: "Our second quarter sales reached $3 billion, down 4% year-on-year and sequentially, mainly reflecting the postponement of shipments to customers in the Middle East due to the effective closure of the Strait of Hormuz for most of the quarter.