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US, Iran and Oman near deal to reopen Strait of Hormuz, lifting markets
U.S. officials, including President Donald Trump, Treasury Secretary Scott Bessent and Secretary of State Marco Rubio, said the United States is in advanced talks with Iran and Oman on an interim arrangement that would reopen the Strait of Hormuz for commercial shipping. The proposed agreement would create a 60‑day safe‑passage corridor and could be announced within days, according to statements on August 4‑5. Iran has denied direct talks with Washington but acknowledges indirect contacts through Oman, Qatar and Saudi Arabia.
The prospect of the Hormuz deal sparked a broad rally in global equity markets. U.S. indices hit record highs – the Dow Jones Industrial Average rose about 1.7 % to 54,085 and the S&P 500 climbed 1.8 % to a new peak of 7,736 – while European benchmarks such as the Stoxx Europe 600 and Germany’s DAX also posted gains. Oil prices fell sharply; Brent crude slipped below $80 per barrel, down roughly 1‑2 % on the day, reflecting reduced fears of a supply disruption.
Analysts noted that the negotiations involve Oman as the primary mediator, with Qatar and Saudi Arabia also supporting diplomatic efforts. If the interim deal is signed, it would ease geopolitical risk for the roughly 20 % of world oil that transits the strait, but the reopening remains contingent on the parties’ ability to agree on navigation fees and security guarantees.
Entities
Abbas Araghchi · Donald J. Trump · Donald Trump · Esmaeil Baghaei · Esmail Baghaei · Hormuz Strait · Iran · Iran · Iran · Islamic Republic of Iran · Islamic Republic of Iran · Ismail Bagaei
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 14 SOURCES] Iranian foreign ministry spokesperson said the talks are bilateral and do not involve any other country. www.bedigest.com · www.jforum.fr
- [● 8 SOURCES] U.S. President Donald Trump announced a pause on planned military strikes against Iran. www.jforum.fr
- [● 10 SOURCES] Iranian Foreign Minister Abbas Araghchi reported the progress of the talks to the cabinet.
- [● 20 SOURCES] The talks aim to create a new maritime route distinct from the existing north and south corridors. www.bedigest.com · www.jforum.fr
- [● 13 SOURCES] The new route will respect the sovereign rights of Iran and Oman and protect their national interests and security. www.bedigest.com · www.jforum.fr
- [● 21 SOURCES] The prospective agreement is not linked to the reopening or continued closure of the Strait of Hormuz. www.bedigest.com · www.jforum.fr
- [● 14 SOURCES] Iran and Oman negotiations are in their final stages. www.bedigest.com
- [● 20 SOURCES] Approximately 20 % of global oil consumption normally transits the Strait of Hormuz. www.bedigest.com · www.jforum.fr
- [● 3 SOURCES] Iran's Supreme National Security Council secretary warned that continued U.S. pressure could tighten the Hormuz closure and close other strategic straits.
- [○ 1 SOURCE] Iran closed the Strait of Hormuz after U.S. and Israeli attacks on 28 February 2026.
- [● 2 SOURCES] The United States maintains a naval blockade of Iran.
- [● 3 SOURCES] Iran and Oman are near a final agreement on a new navigation route through the Strait of Hormuz.