Iran says deal on Strait of Hormuz is close but will not open the waterway by itself

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Iran says deal on Strait of Hormuz is close but will not open the waterway by itself

AI Summary

Iran announced that a deal with Oman regarding control of the Strait of Hormuz is near completion, though it will not unilaterally open the waterway. Meanwhile, the UAE reported another incident of an Iranian strike on a ship in the strategic strait, which is key for oil traffic.

CAIRO/WASHINGTON/RIYADH, Aug 8 (Reuters) - Iran said on Saturday that a deal with Oman on control of the Strait of Hormuz was close but would not be enough to free up the waterway, and the United Arab Emirates said Iran had hit another ship there. A U.S. official, who declined to be identified, said on Friday that Washington anticipated an agreement soon between Iran and Oman, which sit on either side of the strait, so that normal oil traffic could resume.

World Security Conflict Politics Markets Commodities Energy Shipping Iran Oman Strait of Hormuz UAE oil traffic ship strike Middle East

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