Iran and Oman Advance Strait of Hormuz Agreement as United States and Iran Move Toward Potential Peace Deal
Iran and Oman have reached an agreement on shipping coordinates through the Strait of Hormuz that could reopen one of the world's most important energy corridors, marking a significant step in negotiations to end the five-month war between the United States and Iran. U.S. President Donald Trump said a broader agreement could be finalized "tomorrow or the next day," while oil prices fell on expectations of restored Gulf exports and gold traded near record highs.