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The Economic Times

National / The Economic Times

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US and Iran having 'very good discussions', Trump says

US President Donald Trump reported very good discussions with Iran on Tuesday. Hopes for reopening the Strait of Hormuz boosted Asian markets and oil prices. An interim agreement to reopen the waterway with Oman's agreement is reportedly nearing. Iran stated talks with Oman on safe shipping lanes were positive and continuing. The conflict has resulted in significant casualties and restricted global oil export routes.

5 Aug 2026 6:25 pm