The Economic Times

Iran says Hormuz deal with Oman close, but strait reopening hinges on US concessions

Iran and Oman are nearing a deal for a new shipping route through the Strait of Hormuz. This agreement is seen as vital for ending the ongoing war and resuming normal oil traffic. However, Iran insists on further conditions, including U.S. compensation and an end to threats. The United Arab Emirates reported another ship attack in the strait, which Iran denies.