Iran says Strait of Hormuz deal with Oman close, but waterway reopening not guaranteed

In early August 2026, Iran said it is close to reaching a deal with Oman over the Strait of Hormuz, but stressed that the agreement alone would not be enough to reopen the vital waterway. Foreign Minister Abbas Araghchi indicated that Tehran is also seeking compensation from the United States as part of any broader arrangement.

Meanwhile, Iran's Revolutionary Guard (IRGC) said that reopening the strait does not depend on the talks with Oman. The comments come as reports emerged of vessels being hit in the area, though details remain unclear.