https://www.live-feeds.com/feed/iran-oman-unveil-plan-for-strait-of-hormuz-shipping-lane-as-china-criticizes-trump-economic-d-dayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/iran-oman-unveil-plan-for-strait-of-hormuz-shipping-lane-as-china-criticizes-trump-economic-d-dayhttps://www.live-feeds.com/feed/iran-oman-unveil-plan-for-strait-of-hormuz-shipping-lane-as-china-criticizes-trump-economic-d-day#u50473Fri, 28 Aug 2026 05:55:05 +0000Iran and Oman announced Tuesday the possibility of a temporary shipping corridor through the Strait of Hormuz. The two nations have agreed to open the waterway for shipping and share its revenue, according to the IRGC. However, Tehran indicates the deal requires the United States to meet specific demands. While oil prices have dropped to a two-week low following the announcement, the U.S. is continuing an "Economic D-Day" agenda of sanctions to limit Iranian resources.Why it mattersThe Strait of Hormuz is a critical global chokepoint for oil transit. Tensions are high as the U.S. Tre