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| Bessent: US-Iran deal could be reached as early as August 4-5 as Iran and Oman near deal to reopen Strait of Hormuz and collect service fees | |||
| 2026-08-05 | |||
"We are in talks with the Iranians, and I think there is a chance we may have a deal today or tomorrow to open the Strait and move towards a more normalized position in this conflict," he said on CNBC. According to Bessent, the agreement would guarantee freedom of navigation through the waterway. US Secretary of State Marco Rubio on Tuesday said progress had been made on a deal with Iran to fully reopen the Strait of Hormuz, though there still was some work to go, after President Donald Trump and other senior administration officials suggested a deal could be reached in the coming days. “There’s been progress made in those talks, but not finality yet. We’re hoping that will happen very shortly,” Rubio told reporters at the State Department. Trump claimed on Saturday that a deal was imminent when he decided to pull back from his latest threat to bomb Iran. Then on Monday, he claimed that a deal could be signed on Tuesday, when his Treasury Secretary Scott Bessent declared the agreement could be sealed on Wednesday. Rubio reiterated that the agreement under discussion only deals with Hormuz and that an additional deal will need to be signed pertaining to Iran’s nuclear program. He also said the United States was involved in negotiations between Oman and Iran on increasing traffic through the Strait of Hormuz, as the latter two reported making progress toward a deal. Under the emerging agreement, ships would enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged for providing security and preserving the maritime environment, two regional officials told The Associated Press. They said negotiations were still underway and that the final agreement could take a different form, with any deal linked to lifting the US blockade on Iran’s ports. The officials spoke on condition of anonymity to discuss the sensitive negotiations unfolding behind closed doors. A US official familiar with the negotiations said that any “temporary” routes established through the strait would not involve approvals by Iran or charges. The official, who was not authorized to comment publicly and spoke on condition of anonymity, said the US remains committed to returning to the status quo in which “no party controls the lanes or the ability to transit through them.” Qatar, which has been mediating negotiations, confirmed that diplomatic efforts were ongoing but that no direct Iran-US talks were planned. Its leader, Sheikh Tamim bin Hamad Al-Thani, spoke with Trump by phone on Tuesday, with Doha saying they discussed “efforts to deescalate tensions.”
The New York Times reported late Monday, citing Iranian and US officials familiar with the developing accord, that ships entering the strait from the Indian Ocean via the Gulf of Oman would be required to take a route through Iranian territorial waters. Vessels exiting the strait from the Persian Gulf would take a route near Oman’s coast along the south side of the strait. Iran’s Foreign Ministry confirmed ongoing talks with Oman to establish what it called a “temporary” shipping route through the waterway, through which around one-fifth of the world’s oil traveled in peacetime. Saeed Ajorlu, a member of Tehran’s negotiating committee, told state broadcaster IRIB that such an arrangement would be in effect for one to three months “where Iran is dominant.” | |||
| Posted by:badanov |
| #2 |
| Posted by: Mercutio 2026-08-05 10:23 |
| #1 |
| Posted by: Grom the Reflective 2026-08-05 03:46 |