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.

DUBAI, Aug 5 (Reuters) - Iran and Oman have reached an understanding on the geographic coordinates for a shipping route through the Strait of Hormuz, and a joint announcement is being finalised, provided certain third parties did not interfere,

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.

Iran says it’s in the final stage of drafting an agreement on the Strait of Hormuz waterway with Oman, while two Israeli soldiers have been killed in Lebanon. Here’s a look at the latest developments in the Iran war and the wider Middle East on Thursday.

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.

Trump threatened Tehran with "decapitation" Monday, before Yemen's Iran-backed Houthis claimed to have struck a Saudi airport.