Iran and Oman discuss temporary Hormuz corridor amid US standoff

Iran has resumed negotiations with Oman to manage the Strait of Hormuz amid economic pressure from US President Donald Trump. The two countries discussed a temporary joint navigation corridor and agreed to remove mines. The strait previously handled a fifth of global oil and LNG shipments, but most traffic has stopped since the war began in February. A tanker was hit by an unidentified projectile near Oman today, while the US Secret Service acknowledged an Iranian state TV video discussing a plot against Trump's son Barron. The US is sending personnel back to some Middle East diplomatic missions, suggesting reduced risk of escalation. Washington threatened sanctions against countries doing business with Iran but delayed implementation, while oil prices fell for a second day.