Iranian officials announced that a deal with Oman regarding the Strait of Hormuz is in its final stages, but insisted the US must meet specific demands to reopen the waterway.
Tehran has set conditions for the reopening, including compensation for past sanctions and a formal commitment from Washington to de-escalate military presence in the region.
The standoff continues to impact global oil prices, with the US maintaining that any agreement must ensure the free flow of international maritime traffic without compromising regional security.