Iran and Oman still negotiating Strait of Hormuz deal, source says

Iran and Oman are still negotiating details of a Strait of Hormuz agreement, a senior Iranian source said Wednesday, contradicting Revolutionary Guards claims of a finalized deal. The strait remains closed unless the US meets Tehran's conditions, including ending the blockade and removing sanctions. The talks have continued for weeks over controlling the waterway, which handled one-fifth of global oil and LNG shipments before the February war began. Most shipping has since shut down, raising energy prices, as both Tehran and Washington impose separate blockades. Omani officials expressed hope for a temporary corridor soon. US President Donald Trump warned Oman against cooperating with Iran, threatening bombing. The IRGC accused Washington of obstructing negotiations and delaying an accord. Attacks on ships continue, with Iran blacklisting 45 vessels, while oil prices fell over 1.5% on renewed mediation efforts.