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The Latest Breaking News from Oman

US working to establish safe shipping route through Strait of Hormuz, Vance says 'we don't trust' Iran

US-Iran war news: The United States is pushing for secure passage for commercial vessels through the Strait of Hormuz. Meanwhile, Iran and Oman are in talks to establish a temporary shipping lane for oil transport. However, the U.S. remains doubtful about Iran's commitments to maritime safety. Both countries aim for…

The Economic Times

Netanyahu's remarks 'gratuitous' as India not backing war against Iran: Former diplomat on PM Modi-Netanyahu call

"The West Asia crisis has reached a fork point. The choices between various stakeholders are to continue with escalation or to taper it down and negotiate a settlement. For the moment, it appears that the escalation ladder is broken. Hopefully, the negotiations between Oman and Iran over the terms of…

The Economic Times

Uncertainty Over Reopening of Strait of Hormuz Lifts Crude Prices

September WTI crude oil (CLU26 ) closed up +0.89 (+1.15%) on Friday, and September RBOB gasoline (RBU26 ) closed up +0.0468 (+1.59%). Crude oil and gasoline prices settled higher on Friday, supported by a decline in the dollar ($DXY ) to a 7-week low. Also, uncertainty regarding a proposed plan...

Barchart

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Crude Prices Gain as Talks Continue to Reopen the Strait of Hormuz

September WTI crude oil (CLU26 ) is up +0.76 (+0.98%) today, and September RBOB gasoline (RBU26 ) is up +0.0542 (+1.84%). Crude oil and gasoline prices are moving higher today, supported by a decline in the dollar ($DXY ) to a 7-week low. Also, uncertainty regarding a proposed plan by...

Barchart

The emerging deal to reopen the Strait of Hormuz reportedly recognizes Iran’s control: ‘The concession has already been made’

“[The] U.S. accepting Iranian control of the strait without explicitly acknowledging that control seems a likely endgame here.”

Fortune

Oil extends gains and stocks mostly down on fresh Hormuz worries

HONG KONG - Oil prices extended gains and most stocks fell further on Friday amid fading optimism over a deal to reopen the Strait of Hormuz, as reports said Iran was planning to block US and Israeli ships from the waterway as part of a deal with Oman.

Bangkok Post

Iran-US war latest: Tehran demands compensation from Trump to reopen Strait of Hormuz

Iran has warned the Strait will remain shut until the US meet six crucial conditions

The Independent UK

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Analyst Says Proposed Iran-Oman Deal May Have Just Dimmed Hopes for Lower Oil Prices, but National Average Gas Price Could Fall Below $4

GasBuddy analyst Patrick De Haan said reports of a potential Iran-Oman agreement to reopen the Strait of Hormuz with tolls are weighing on hopes for lower gasoline prices.

Benzinga

Vessel traffic through Hormuz dwindles this week as markets watch Iran-Oman talks

Shipping traffic through the Strait of Hormuz has significantly decreased this week. Markets are closely watching Iran and Oman talks for waterway reopening signs. Several Chinese and Indian refiners seek discounted crude oil from Iraq. However, shipowners remain wary of entering the waterway due to risks. Meanwhile, traffic through the…

The Economic Times

Oil rises on concerns over Strait of Hormuz reopening plans

Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78.84, skepticism grows regarding the restoration of standard…

The Economic Times

Iran weighs fines up to 20%, vessel ban for ‘hostile’ ships in Hormuz

Iran's parliament is reviewing a bill to restrict hostile vessels in the Strait of Hormuz. Violators could face significant fines on their cargo value under the proposed legislation. Talks with Oman are progressing to manage shipping through the strategic waterway. Oil prices have risen amid uncertainty over the strait's reopening.…

The Economic Times

Crude Prices Finish Sharply Higher on Doubts About Strait of Hormuz Reopening

September WTI crude oil (CLU26 ) closed up +2.07 (+2.75%) on Thursday, and September RBOB gasoline (RBU26 ) closed up +0.0997 (+3.51%). Crude oil and gasoline prices settled sharply higher on Thursday amid uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a...

Barchart

Proposed Hormuz passage deal not feasible for shipping industry, sources say

A proposed Iran-Oman deal for Strait of Hormuz control faces significant challenges. U.S. sanctions and restrictive insurance clauses impede workable payment mechanisms for transit. Iran seeks fees between five and seven percent of cargo value for passage. Oman discusses fees around three percent, while Washington opposes any charges. Shipping companies…

The Economic Times

Tehran on brink of deal with Oman to open Hormuz that could finally pave way for Trump peace talks

Donald Trump says that talks are progressing well - but a deal on the Strait of Hormuz is at odds with US interests

The Independent UK

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Barchart

Crude Oil Prices Jump on Uncertainty Over Middle East Supplies

September WTI crude oil (CLU26 ) is up +1.83 (+2.43%) today, and September RBOB gasoline (RBU26 ) is up +0.0777 (+2.74%). Crude oil and gasoline prices are climbing today on uncertainty regarding a proposed plan by Iran and Oman to reopen the Strait of Hormuz. Also, a reported missile attack...

The Economic Times

Brent crude tops $80 per barrel as Hormuz talks, tanker attacks keep supply risks high

Oil prices climbed as investors tracked Iran-Oman shipping talks and fresh attacks on Saudi oil tankers, raising supply concerns. Brent topped $80 a barrel while traders remained cautious over Strait of Hormuz developments and persistent geopolitical risks affecting global energy markets.

The Independent UK

Trump’s Iran deal: Three scenarios for what could happen next

Tehran insists it is close to a deal with Oman to open the Strait of Hormuz, which could pave the way for US peace talks

International Business Times UK

Iran and Oman Say Hormuz Shipping Deal Is 'Close' as Trump Signals Breakthrough This Week

Iran and Oman are finalising a shipping deal in the Strait of Hormuz, potentially challenging US influence. The agreement includes discussions on environmental, legal, and security aspects, with Tehran insisting on passage fees.

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The Independent UK

Possible Strait of Hormuz deal, Israeli soldiers killed in Lebanon and other news in the Mideast

Iran says it’s in the final stage of drafting an agreement on the Strait of Hormuz waterway with Oman

The Guardian - AU

Iran says a deal with Oman to reopen the strait of Hormuz is close to being finalised – as it happened

This live blog is now closed.

The Independent UK

From first Omani woman to summit Everest to sherpa who climbed it seven times, the 10 mountaineers killed on Broad Peak

While attention has been focused on high-altitude mountaineering’s controversial star Nirmal Purja, the avalanche also claimed the lives of nine renowned climbers and guides from five countries

The Times of India

'Crazy radicals who want war to continue': Vance sees 'messy' negotiations with Iran ahead

US vice president JD Vance has warned that negotiations with Iran will be "messy" and "take some time". His remarks came as Tehran said it was in the "final stage" of drafting an agreement with Oman over the Strait of Hormuz, while president Donald Trump suggested a deal could be…

The Times of India

'No fees or tolls': How the Iran-Oman deal to reopen Strait of Hormuz will work

A deal between Oman and Iran would reopen the Strait of Hormuz by directing inbound traffic through a route closer to Iran and outbound traffic through a route closer to Oman, according to a report. The development comes as Tehran said on Wednesday that the two countries had agreed on…

Benzinga

Iran Seeks 5%-7% Strait of Hormuz Toll, Oman Backs 3% as Officials Deny Trump Deal Is Imminent: Report (UPDATED)

Editor’s note: The story has been update to include a comment from a White House spokesperson.

Bangkok Post

Iran and Oman close to agreement on Hormuz

TEHRAN - Iran and Oman have agreed a route for ships transiting the Strait of Hormuz and were finalising arrangements for jointly managing the strategic waterway, Tehran said on Wednesday, even as fresh security incidents highlighted continued risks for regional shipping.

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