US Announces Resumption of Negotiations with Oman Over Strait of Hormuz Amid Economic San션
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Iran announced that it has resumed negotiations with Oman over managing the Strait of Hormuz. That’s despite mounting economic pressure from President Trump. It comes as the U.S. says it has completed the clearing of mines from the Strait of Hormuz. An oil tanker was struck by an unidentified projectile off the coast of Oman on Tuesday.
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BBC NewsUntil recently - and on the basis of the MoU - Iran had been involved in negotiations with Oman, a US ally, to agree a mechanism for administering the strait. However, those talks have so far not produced an agreement and, last week, Trump even threatened to bomb its ally "if it gets in the way" of his administration's own talks with Iran over the issue.
New York TimesIran and Oman Report Progress in Talks on Strait of Hormuz The two countries said they would create a temporary shipping lane and clear mines in the waterway. Global oil prices dipped after the joint announcement.
NBC NewsThe first development was the renewal of talks between Iran and Oman about reopening the critical Strait of Hormuz, reported by Reuters.
Associated PressThe Trump administration told Oman it opposed parts of the evolving deal, including the joint Iranian and Omani management of the exit route out of the passage that’s critical to global supplies of oil and natural gas.
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“I have just been informed by the United States Navy that all mines have been removed and/or detonated from within the International Waters of the Strait of Hormuz,” Trump posted on Tuesday.
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BBC NewsPublished US President Donald Trump has said that the US Navy has removed or detonated all mines in the Strait of Hormuz - the vital waterway which Iran has largely closed since the beginning of the war in the Middle East.
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Treasury Secretary Scott Bessent on Sunday launched Operation Economic Outcast, promising a "zero-leakage approach" designed to cut off Iran's remaining sources of revenue after months of pressure on its oil sales, shipping networks and financial enablers.
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The AtlanticNo sooner had Treasury Secretary Scott Bessent announced the latest tool for achieving what he said would be the “economic asphyxiation” of Iran than he revealed the reason he was reluctant to use it.
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Bessent’s new campaign goes beyond oil, targeting digital assets, technology, gold, aviation and shipping. He also threatened broader secondary sanctions against entities that continue doing business with Tehran.
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The AtlanticBessent also announced immediate sanctions on nearly 60 Iran-linked entities, people, and vessels, accusing them of having links to Iran’s nuclear and missile programs, cyber activities, and oil shipments. He added that the first major secondary sanctions against “a financial institution” are likely to come “by the end of this week.”
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However, this week the US announced a raft of economic sanctions against Iran. US Treasury Secretary Scott Bessent warned that any nation financially partnering with Iran would be isolated.
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Iran has been under sanctions for most of the time since the founding of the Islamic Republic in 1979 and Economy Minister Ali Madanizadeh said Tehran was "fully prepared" for the wider sanctions, which he added would lead to "another defeat" for the US.
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China is the biggest buyer of Iranian oil, although the trade has declined under the US blockade of the Strait of Hormuz.
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Fox NewsThe drop in Chinese purchases shows Iran is having a harder time getting new oil to market. But millions of barrels are already sitting outside the blockade.
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Commercial shipping traffic into the Persian Gulf from the Gulf of Oman would pass entirely through Iranian waters, while the outbound route would pass partly through Iranian waters and partly through Oman’s territorial waters, he said.
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BBC NewsSpeaking to state television news after the meeting Iran's Deputy Foreign Minister Kazem Gharibabad said the entry route to the Gulf would be "through Iranian waters and the exit route through Omani territorial waters, and ships will pass through Iranian waters on both routes".
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He said "no military vessels will be allowed to pass through the Strait of Hormuz, and only commercial vessels will be allowed to pass through it".
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Associated Press“If the understanding becomes binding, no military vessel will be permitted to pass through the Strait of Hormuz,” he said. “No military vessel at all.”
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Gharibabadi said the proposed route is temporary, and that Iran and Oman must negotiate within 30 to 60 days on a permanent maritime traffic scheme.
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BBC NewsGharibabad called the route "temporary", adding Iran and Oman will negotiate a new permanent route within a timeframe of 60 days to replace the previous maritime traffic plan. "If Iran's requests are not granted, the Strait will be closed," he said.
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Meanwhile, the U.S. Secret Service said that it was tracking a recent video broadcast by Iranian state television to assassinate Trump’s youngest son, Barron. The potential plot alleges that a $10 million bounty had been offered for his killing.
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Fox NewsThe U.S. Secret Service said it was aware of a video aired on Iranian state media threatening President Trump's youngest son, Barron Trump.
10 details only one outlet reported
Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 NBC News Oil prices tumbled Wednesday for the third straight day, as a flurry of headlines from the Middle East sparked renewed optimism in global markets.
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02 The Atlantic Secondary sanctions—penalties on countries, individuals, or entities that do business with Iran—are ready to go, Bessent announced to reporters in the Treasury’s ornate Cash Room yesterday. But he went out of his way not to name the chief offenders that help Tehran: China and Russia. So, Bessent was asked, why threaten rather than just do it, particularly after President Trump last week warned of economic warfare “on an unprecedented scale” if Iran doesn’t surrender to U.S. demands?
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03 The Hill Global oil traffic shifts toward the US amid Iran war disruptions Global oil traffic is significantly rerouting toward the United States as a result of disruptions in the Strait of Hormuz caused by the ongoing Iran war.
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04 BBC News "Iran has been notified that any ship or boat placing new mines will be immediately and systematically destroyed," Trump said in a post on his Truth Social platform.
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05 Associated Press Iran will not allow military vessels to transit through the Strait of Hormuz under an agreement the Islamic Republic is currently negotiating with Oman, Iran’s Deputy Foreign Minister told state TV late on Tuesday night.
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06 New York Times Soaring Diesel Prices Are Helping Oil Companies and Hurting Consumers The cost of the fuel, used in farm machinery, trucks and other heavy equipment, has surged because of the war in Iran and Ukrainian attacks on Russian refineries.
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07 Reuters Iran and Oman reach agreements on share of Hormuz and revenues, Revolutionary Guards say - Reuters Iran and Oman reach agreements on share of Hormuz and revenues, Revolutionary Guards say Reuters
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08 Fox News Far from the U.S. warships enforcing a blockade at the mouth of the Persian Gulf, nearly 40 million barrels of Iranian crude are sitting aboard tankers in waters near Malaysia, east of Singapore.
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09 Breitbart Massive lines at gas stations across Iran were spotted on Tuesday after the United States announced “Operation Economic Outcast,” an escalated campaign of economic sanctions and physical isolation against the regime in Tehran.
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10 Democracy Now In Gaza, Palestinians in Khan Younis held a vigil at Nasser Hospital for journalists killed by an Israeli strike a year ago. On August 25, 2025, Israel struck Nasser Hospital, killing at least 20 people, including five journalists, who worked for Reuters, the Associated Press, Al Jazeera and other news outlets. Reuters’s editor-in-chief Alessandra Galloni and the AP’s executive editor Julie Pace issued a joint statement Tuesday, saying, “We again call on the government of Israel to explain the deaths of these journalists and take every step necessary to protect journalists covering the conflict. We will continue to seek answers, demand accountability and call for access to Gaza to provide support to our colleagues who have been covering the war for almost three years now.”
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