Secretary of State Marco Rubio says there's been progress in talks between Iran and Oman on opening the Strait of Hormuz. CBS News' Nancy Cordes reports.
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CAIRO (AP) — Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz, a potential breakthrough that could help wind down the war in the Middle East, regional officials said Tuesday.
Secretary of State Marco Rubio says there's been progress in talks between Iran and Oman on opening the Strait of Hormuz. CBS News' Nancy Cordes reports.
President Donald Trump warned Iran that the Strait of Hormuz will reopen “very soon” or Tehran will get “hit very hard,” as the United States, Iran, and Oman reportedly closed in on an interim agreement that Washington hopes to announce Wednesday.
Iran and Oman are moving toward a deal that could restart commercial shipping through the Strait of Hormuz by imposing fees on vessels and dividing the revenue, according to a report from The Telegraph.
Iran and Oman are close to an agreement on a commercial route through the Strait of Hormuz, but dysfunction at the top of the Iranian regime is likely slowing talks.
Iran and Oman appear close to an agreement on reopening the Strait of Hormuz, but the remaining issues are substantial. Tehran would control inbound traffic while Oman would oversee outbound shipping, and Iran is seeking sanctions relief in exchange for toll-free passage.
Rubio says there's been progress in talks between Iran and Oman on Strait of Hormuz | Since Then
