Iran's foreign minister, Abbas Araghchi, says talks with Oman to reopen the Strait of Hormuz are almost finished, but Iran now wants compensation for war damages and other unnamed conditions met first.
An oil tanker near Oman reported hearing two explosions in the Strait of Hormuz, the narrow sea passage Gulf countries use to ship oil to world markets.
President Trump told Fox News that Iran will face a heavy military strike if nuclear negotiations break down again, keeping that option open even as Iran, the United States and Oman say they are close to a deal reopening the Strait of Hormuz, the narrow waterway that carries about a fifth of the world's oil and gas out of the Gulf.
Iran, the US and Oman say they are making progress on a plan to reopen the Strait of Hormuz, a narrow waterway between Iran and Oman that carries much of the world's oil shipping.
A bulk carrier hit by an unidentified projectile in the Strait of Hormuz, the narrow waterway between Iran and Oman through which much of the world's oil is shipped, is now on fire, with its crew fighting the blaze and one seafarer missing.
A cargo ship was hit by an unidentified projectile early Tuesday in the Strait of Hormuz, a narrow waterway off Oman through which much of the world's oil is shipped, Britain's maritime watchdog UKMTO said.
Iran said Monday it is not negotiating with the United States and expects no talks, contradicting President Trump, who said a deal over the Strait of Hormuz (a key oil shipping route) could start that same afternoon.
Trump says the US and Israel will hold off on new strikes against Iran if a deal is reached fast — a reversal from reported plans for an intense weekend strike package, even as US embassies keep urging citizens to leave and markets brace for the swing.
Saudi Arabia and 13 other countries founded a new alliance on July 30, 2026 to protect Red Sea shipping routes after Yemen's Houthi fighters declared a naval blockade and hit several oil tankers.
Saudi Arabia has for the first time taken part directly in air strikes alongside the United States, hitting an Iraqi militant alliance linked to Iran on July 29.
Days after signs Iran's conflict with the US was cooling, fighting flared again on three fronts: Iran fired a missile attack on US forces, which the US says it intercepted; US and Saudi jets bombed Iran-backed militants in Iraq who had launched drone attacks; and Iran's Revolutionary Guards seized three oil tankers in the Strait of Hormuz, a narrow sea passage carrying much of the world's oil.
Oman has given Iran a plan, backed by other Gulf countries, to jointly manage the Strait of Hormuz, a narrow waterway that much of the world's oil ships through.