Strait of Hormuz

FILE - Cargo ships are seen at sea near the Strait of Hormuz, as viewed from a rocky shoreline near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026.

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Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down

Iran and the US say a Strait of Hormuz deal is close, but one or both would have to back down

Iran and Oman have moved closer to an agreement on the Strait of Hormuz. This comes after U.S. President Donald Trump said a deal to reopen the critical waterway could be announced soon. The strait's closure has driven up global fuel prices. Regional officials tell the AP that Iranian and Omani negotiators have finalized a draft deal to reopen the strait, pending approval from Iran’s supreme leader. Meanwhile, new tensions have emerged in Lebanon as the Israeli military issued the first evacuation warning in weeks for some residents in the south.