Iran and Oman agree on Strait of Hormuz deal
Digest more
A cargo ship reports it has been hit by a projectile off the coast of Oman in the Strait of Hormuz. The United Kingdom Maritime Trade Operations Center says the report came overnight.
Iran and Oman are in the final stages of a joint agreement to manage commercial shipping in the Strait of Hormuz, the Iranian foreign ministry said.
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.
Trump threatened Tehran with "decapitation" Monday, before Yemen's Iran-backed Houthis claimed to have struck a Saudi airport.