Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once the United States met other conditions. A US official said on Friday that an agreement between Iran and Oman was close and could soon reopen the waterway, which carried a fifth of global oil and liquefied natural gas shipment
Geopolitics SCMP Aug 9, 2026