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Iran, Oman deal on Strait of Hormuz getting close, Tehran says
Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says.
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The president is also under mounting pressure to end an unpopular war ahead of midterm congressional elections scheduled for later this year.
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Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says.
Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war.
President Trump signaled late Tuesday the U.S. and Iran were close to a deal to reopen the Strait of Hormuz, a key oil-shipping corridor. “It could happen. Tomorrow or the next day,” Trump said after traveling to Los Angeles for a fundraising event hosted by the Republican National Committee. “A lot of progress has been…
Trump's latest remarks signaling again that a deal with Iran to reopen the Hormuz Strait is close at hand drove oil prices lower and sent stocks soaring.
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The US, Iran and Oman are nearing a 60-day deal to reopen the strategic Strait of Hormuz without tolls, allowing shipping traffic to resume.
