https://www.live-feeds.com/feed/strait-of-hormuz-deal-inches-closer-as-oil-prices-dip-us-commits-to-tehran-sanctionsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/strait-of-hormuz-deal-inches-closer-as-oil-prices-dip-us-commits-to-tehran-sanctionshttps://www.live-feeds.com/feed/strait-of-hormuz-deal-inches-closer-as-oil-prices-dip-us-commits-to-tehran-sanctions#u50280Fri, 28 Aug 2026 01:40:30 +0000Iran and Oman are close to an agreement on reopening the Strait of Hormuz, a vital shipping lane. The deal, which could be temporary, has led to a drop in oil prices. The US is committed to sanctions on Tehran, but has not imposed secondary sanctions. Iran's Revolutionary Guards say an agreement on sharing revenue from the strait has been reached.Why it mattersThe Strait of Hormuz is a crucial waterway for global oil exports. Tensions between Iran and Western countries have led to concerns about supply disruptions. A deal could ease these concerns and impact oil prices.What is confirmedIr