Iran denies US talks claim, says Oman coordinating Hormuz shipping route

On August 3, 2026, Iran rejected President Trump's claim that a deal to reopen the Strait of Hormuz is imminent, stating that no talks with the US are underway. Instead, Tehran said it is working with Oman to establish a temporary shipping route through the strategic waterway. Trump had announced that US-Iran talks would restart on Monday, focusing on denuclearization and freedom of navigation in Hormuz. Oil prices fell on market hopes of a potential US-Iran deal to reopen the strait, which is vital for global crude shipments.