US Expects Impending Deal to Reopen Strait of Hormuz

A U.S. official reported on August 7, 2026, that Iran and Oman are nearing a deal to reopen the strategic Strait of Hormuz, potentially restoring global oil exports.

The waterway, which carries one-fifth of the world's traded oil and gas, has been disrupted for five months due to the ongoing U.S. war with Iran.

While the deal would formalize Iranian control over the strait, it remains conditioned on the U.S. lifting its blockade, requiring final approval from President Donald Trump.